Condominium statistics for Lombard, Illinois 60148

Citywide Services recently performed a condominium appraisal in Lombard, IL 60148. In this video real estate appraiser Michael Walsh looks at the current housing numbers and finds prices increasing, marketing times down and a supply of inventory that is in balance.

Condominium Prices in Forest Park, IL 60130

Citywide Services recently completed a condominium appraisal in Forest Park, Illinois and appraiser Michael Walsh shares his market analysis in this video.

Median sales prices declined last year by 4.3% after a large increase the previous year. Marketing times are short with an average time on the market of only 88 days. The market is oversupplied with 5.2 months of available inventory listed with the MLS. Distressed sales are still a factor in this market with approximately 33% of total sales being Bank Owned Foreclosures or Short Sales

One-Unit housing statistics for Elmwood Park, Il 60707

Elmwood Park appraiser Michael Walsh looks at One-Unit Housing prices in Elmwood Park, IL 60707 for February 2015 and shares his market analysis in this video.

According to MRED MLS statistics for the last twelve months for MLS area 635 Elmwood Park, the median sales price for One-Unit Housing increased +12.5%, average marketing time declined -16.2% to 98 days on the market, and there is currently a 5.6 month supply of inventory. This level is considered a oversupply. REO & Short Sales account for approximately 31% of total sales.

Single family home prices in Broadview, Illinois 60155 for February 2015

Real estate appraiser Michael Walsh of Citywide Services recently appraised a single family home in Broadview, Illinois 60155 and finds prices increasing and shares his market analysis in this video

Single family housing statistics for February 2015 in Addison, IL 60101

Real estate appraiser Michael Walsh looks at single family home prices in Addison, Illinois and shares has market analysis in this video.



According to MRED MLS statistics for the last twelve months for MLS area 101 Addison, the median sales price for Detached Housing increased +5.8% average marketing time declined -14.5% to 94 days on the market, and there is currently a 5.3 month supply of inventory. This level is considered in balance. REO & Short Sales account for approximately 38% of total sales.

This Month in Real Estate March 2015

National home sales and prices dipped last month and Freddie Mac reports that the national median interest rate is 3.76%

February 2015 market analysis for the condominium market in the Near North Side of Chicago

Chicago appraiser Michael Walsh recently appraised a condominium in the Near North Side neighborhood of Chicago and shares his February 2015 market analysis in this presentation.

 According to MRED MLS statistics for the last twelve months for MLS area 8008 Near North Side, the median sales price for Attached Housing remained stable over the last year, average marketing time increased +1.2% to 84 days on the market, and there is currently a 4.6 month supply of inventory. This level is considered a oversupply. REO & Short Sales account for approximately 4% of total sales.

One-Unit housing prices in the Dunning community area of Chicago for February 2015

Chicago appraiser Michael Walsh completed a single family appraisal in the Dunning community area and shares his market analysis in this video

According to MRED MLS statistics for the last twelve months for MLS area 8017 Dunning, the median sales price for One-Unit Housing increased +18.1%, average marketing time declined -20.6% to 81 days on the market, and there is currently a 3.9 month supply of inventory. This level is considered in balance. REO & Short Sales account for approximately 28% of total sales. Note: One-Unit Housing includes both attached and detached homes.