Sunday, April 03, 2016

A slight decline in single-family home prices in Oak Park, IL 60302

Real estate appraiser Michael Walsh of Citywide Services recently performed the single-family appraisal in Oak Park, Illinois, 60302 and shares his market analysis in this video.

Median home prices increased 8.8% in the 12 months ending March 2015 and declined 0.4% in the 12 months ending March 2016. With this small decline median sales prices are being considered stable.

Overall the market is good with marketing times less than 90 days, level of inventory is in balance and there's a low number of distressed sales.