Sunday, March 22, 2015

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

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