Thursday, November 13, 2014

The current real estate market in Franklin Park 60131

Real estate appraiser Michael Walsh takes a look at statistics for single family homes in Franklin Park

According to MRED MLS statistics for the last twelve months for MLS area 131 Franklin Park, the median sales price for Detached Housing increased +9.3%, average marketing time declined -39.5% to 69 days on the market, and there is currently a 4.2 month supply of inventory. This level is considered a small oversupply. REO & Short Sales account for approximately 39% of total sales.

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