Monday, August 10, 2015

Here is a market analysis on single-family housing the village of Chicago Ridge, IL 60415

The village of Chicago Ridge is located in Southwest Cook County and has a population of approximately 14,000. Citywide Services recently completed a single-family home appraisal and this video shows the market analysis.

The median sales price for single-family homes has been increasing for the last 36 months, and last year the median price increase 7.9%. Marketing times are normal and were 96 days on the market as an average, right now there's 4.8 months worth of available unsold inventory listed on the market this is considered imbalance, there's a large number of distressed sales last year bank owned in short sales accounted for 42% of total sales.

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