Oak Park Homes - Market Report

Oak Park Home Trends Nov 2010 -Nov 2011

 

I have some great in depth reports for you on the Oak Park real estate market.  These reports

are specifically for single family homes in Oak Park.  

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 The median price of homes sold in Oak Park is down 11% from November 2010-2011.

 

 

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On average in November 2011 deals are closed at 93.4% of list price. 

 

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Monthly inventory supply is down 33.4% which will put upward pressure on home prices unless it changes drastically over the next couple of months. It could be that more home owners decided to take their homes off the market for the winter than last year or that more home owners have just given up selling.

 

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The percentage of inventory of units sold is up dramatically as are the % of units under contract.  Both positive signs for Oak Park homes.