West Chicago single family home statatics for January 2015

Real estate appraiser Michael Walsh recently completed a single family appraisal in West Chicago, Illinois and shares his market analysis in this video

According to MRED MLS statistics for the last twelve months for MLS area 185 West Chicago, the median sales price for detached homes increased +25.4%%, average marketing time declined -21.6% to 105 days on the market, and there is currently a 6.6 month supply of inventory. This level is an over supply. REO & Short Sales account for approximately 36% of total sales.