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Single Family Housing Market
West Englewood June 2015
Single Family Detached Home
statistics from MRED MLS
In the last 30 days there were 9 closed sales of Detached Homes,
9 went under contract and there were 21 new listings
In the last 12 months median sales prices increased +18.2%
Marketing Time increased +22.6% to an average of 114
days on the market
Currently there is a 9.7 Month Supply of Inventory at the
current level of absorption, this is a large oversupply
Distressed sales, Bank Owned and Short Sales account
for approximately 67% of total sales
Citywide Services performs residential real estate
appraisals in Chicago & suburbs. Appraisals for divorce,
estate, bankru...
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Chicago West Eenglewood real estate appraisers 312.479.5344

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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.

Published in: Real Estate
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Chicago West Eenglewood real estate appraisers 312.479.5344

  1. 1. Single Family Housing Market West Englewood June 2015
  2. 2. Single Family Detached Home statistics from MRED MLS
  3. 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. 4. In the last 12 months median sales prices increased +18.2%
  5. 5. Marketing Time increased +22.6% to an average of 114 days on the market
  6. 6. Currently there is a 9.7 Month Supply of Inventory at the current level of absorption, this is a large oversupply
  7. 7. Distressed sales, Bank Owned and Short Sales account for approximately 67% of total sales
  8. 8. Citywide Services performs residential real estate appraisals in Chicago & suburbs. Appraisals for divorce, estate, bankruptcy, tax appeal, bail bonds, and for sale by owner. Call 312.479.5344 www.appraisercitywide.com

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