Chicago appraiser Michael Walsh recently performed a appraisal on a single family home in the Englewood neighborhood and found median prices increasing, a large oversupply of inventory and 8 of 10 sales a bank foreclosure or short sale. http://www.appraisercitywide.com 312-479-5344 Real estate appraisals in Chicago and suburbs. Certified Appraisers. Appraisals for divorce settlements, prenuptial agreements, estate settlement, bankruptcy, property tax appeals, bail bonds, for sale by owner, Citywide Services performs residential real estate appraisals in Chicago & Suburbs

1. Current real estate market in
Chicago's Englewood neighborhood

2. Single family home data taken from
the MRED MLS

3. In the last 30 days there was 1 closed sale of Detached Homes 2
went under contract and there were 13 new listings

4. In the last 12 months median sales prices increased +36.7%

5. Marketing Time is down -29.8% to an average of 85 days
on the market

6. Now there is a 15.1 Month Supply of Inventory at the
current level of absorption, this level is considered a
large oversupply.

7. Distressed sales, Bank Owned and Short Sales account
for approximately 80% 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