Tuesday, March 10, 2015

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.

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