This presentation takes a look at the single-family housing market in the West Englewood neighborhood of Chicago. Prices have been increasing over the last 12 months, the market has a large oversupply of inventory and approximately 67% of total sales are bank owned or short sales.

1. Single Family Housing Market
West Englewood June 2015

2. Single Family Detached Home
statistics from MRED MLS

3. In the last 30 days there were 9 closed sales of Detached Homes,
9 went under contract and there were 21 new listings

4. In the last 12 months median sales prices increased +18.2%

5. Marketing Time increased +22.6% to an average of 114
days on the market

6. Currently there is a 9.7 Month Supply of Inventory at the
current level of absorption, this is a large oversupply

7. Distressed sales, Bank Owned and Short Sales account
for approximately 67% of total sales

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appraisals in Chicago & suburbs. Appraisals for divorce,
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by owner. Call 312.479.5344 www.appraisercitywide.com