Oak Park Real Estate Market Update

The Oak Park real estate market for Occtober 2011 is showing some positive signs of recovery.  Please click here for a full Oak Park real estate report.

When comparing the last 12 months to the previous 12 months here is what we see:

For Single Family Homes:

New Listings: -21.2% (there are fewer homes coming on the market - lower inventory could start driving up prices)

Median Sales Price: $370,000 0% change - has remained unchanged in the last 12 months compared to previous 12 months.

Homes Closed: -4.2% - this is not that good but it could just reflect that there are fewer homes on the market.

- If you would like additional information on the Real Estate Market in Oak Park please add a comment below or call me at 708-763-8674.