Thursday, May 16, 2013
Representatives from the Mainstreet Organization of Realtors say there are signs of market acceleration as many south suburbs experienced "notable sales gains" last month compared to one year ago.
- REAL ESTATE
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Thursday, May 16
Single-family home sales in the Chicago suburbs grew 33.2 percent in April 2013, compared to the same month in 2012, according to data provided by the Mainstreet Organization of Realtors (MORe). In the south suburbs, sales in the majority of Patch communities aligned with this trend, with 12 out of 14 towns experiencing an increase in sales and only two towns experiencing a sales decrease. In Oak Lawn, 48 homes were sold in April 2013—compared to 31 in April 2012. The median price dropped 5.1 percent, from $157,104 to $149,065. Palos Park saw the most growth in the Southland, with eight homes sold in April 2013 and compared to three homes sold one year prior, totaling a 166.7 percent increase in sales. Sales in Palos Hills decreased by …
Wednesday, March 20, 2013
Representatives from the Mainstreet Organization of Realtors say affordable prices and low interest rates have created a "perfect storm" of buyer-friendly conditions.
- PATCH'S HOUSE & HOME
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Wednesday, March 20
Single-family home sales in the Chicago suburbs grew 41 percent in February 2013, compared to the same month in 2012, according to data provided by the Mainstreet Organization of Realtors (MORe). In the south suburbs, sales in the majority of Patch communities aligned with this trend, with 10 out of 14 towns experiencing an increase in sales, three towns experiencing a sales decrease and one town remaining the same year-over-year. Oak Lawn saw an increase in median home values in February over the same time period last year, from $140,000 to $154,625, or 10.5 percent. The number of February homes in Oak Lawn also increased, from 30 in 2012 to 36 in 2013, a 20-percent increase. Evergreen Park saw the most growth in the Southland, with 23 …
Thursday, February 21, 2013
Oak Lawn's home sales see gain but median prices are still lower year over year, says Mainstreet Realtors Organization.
The market for detached, single-family homes in suburbs throughout the Southland saw growth in January, MORe reported. MORe gets its statistics from Midwest Real Estate Data. Evergreen Park saw the largest percent increase, with 850 percent more homes sold year over year in January. There were 19 homes sold that month in 2013 and 2 in 2012. Palos Hills had the greatest drop, with 57.1 percent fewer homes sold year over year. That shakes out to 3 homes sold during January 2013 compared to 7 sold in January 2012. (It's worth noting the particularly small sample size.) Oak Lawn's January 2013 home sales saw a 28.6 percent increase over the same period last year, with 27 homes sold compared to 21 in January 2012. Despite the bounce in home …
Thursday, December 20, 2012
Oak Lawn housing market made strong showing in November.
- REAL ESTATE
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Thursday, December 20, 2012
The 44 detached, single-family homes sold during November in Oak Lawn represented a 21.2 percent increase over November 2011, according to the Mainstreet Organization of Realtors (MORe). In addition, the median price of homes sold in November ($160,160) was 1.2 percent higher than the median price of homes sold in November 2011 ($145,000). Follow Oak Lawn Patch on Facebook. The market for detached, single-family homes in suburbs throughout the Southland saw growth in November, MORe reported. MORe gets its statistics from Midwest Real Estate Data. Mokena saw the largest percent increase, with 87.5 percent more homes sold year over year in November. There were 8 homes sold that month in 2011 and 15 in 2012. Palos Park saw the largest …
Thursday, November 29, 2012
While Oak Lawn home sales are up, prices are down compared to October 2011.
- REAL ESTATE
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Thursday, November 29, 2012
While the number of homes sold in Oak Lawn has climbed from 2011 to 2012, the average price for those homes is on a downswing. Sign up for the Oak Lawn Patch newsletter and breaking news alerts. The market for detached, single-family homes in suburbs throughout the Southland saw growth in October, according to the Mainstreet Organization of Realtors (MORe). MORe gets its statistics from Midwest Real Estate Data. Compared to October 2011, Oak Lawn home sales climbed to 45 from 30 this same time period last year, a 50-percent change. Despite the uptick in home sales, the average home sale decreased from $164,450 in October 2011 to $158,500 in October 2012. Oak Forest experienced the most dramatic percent change in the number of homes sold, …
Pat F
4:17 pm on Thursday, May 16, 2013
Statistics come from the realtors.. Fudge the numbers to suit their needs and they automatically improve their chances of moving the houses they couldn't sell?? Pretty good deal for them.... more ›