In this presentation real estate appraiser Michael Walsh shares his market analysis from a recent appraisal and Frankfort Illinois. The data is current for December 31, 2015. Prices are increasing slightly, marketing times are up in the market is oversupplied

1. Single Family Housing
Frankfort, Illinois 60423

2. Single family home data taken from
the MRED MLS

3. In the last 30 days there were 23 closed sales of Detached Homes
24 went under contract and there were 34 new listings

4. In the last 12 months median sales prices increased +0.3%

5. Marketing Time is up +23.1% to an average of 128 days
on the market

6. Now there is a 5.8 Month Supply of Inventory at the
current level of absorption, this level is considered a
oversupply

7. Distressed sales, Bank Owned and Short Sales account
for approximately 18% of total sales

8. Citywide Services performs residential real estate
appraisals in Frankfort. Appraisals for divorce, estate,
bankruptcy, tax appeal, bail bonds, and for sale by
owner. Call 708-449-4100 www.appraisercitywide.com