Chicago appraiser Michael Walsh shares this market analysis for the Garfield Ridge neighborhood of Chicago and finds median prices increasing, marketing times under three months and the supply of inventory in balance.

1. April 2015 single family housing
market Garfield Ridge - Chicago

2. Single family home data taken from
the MRED MLS

3. In the last 30 days there were 26 closed sales of Detached Homes
46 went under contract and there were 55 new listings

4. In the last 12 months median sales prices increased +14.3%
over the prior year

5. Marketing Time decreased -24.3% and averaged 81 days
on the market

6. Now there is a 4.3 Month Supply of Inventory at the
current level of absorption, this level is considered in
balance

7. Distressed sales, Bank Owned and Short Sales account
for approximately 28% of total sales

8. Citywide Services performs residential real estate
appraisals in Chicago. Appraisals for divorce, estate,
bankruptcy, tax appeal, bail bonds, and for sale by
owner. Call 312.479.5344 www.appraisercitywide.com