Monday, May 04, 2015
Chicago appraiser Michael Walsh recently finished a single family appraisal in the Village of Brookfield, IL and shares his market analysis in this video.
According to MRED MLS statistics for the last twelve months for MLS area 513 Brookfield, the median sales price for Detached Housing increased +15.7%, average marketing time increased +9.8% to 81 days on the market, and there is currently a 3.8 month supply of inventory. This level is considered a shortage. REO & Short Sales account for approximately 25% of total sales.