Real estate appraiser Michael Walsh recently performed a appraisal on a single family home in Woodridge, IL 60517 and found median prices increasing, marketing times down and inventory oversupplied. According to MRED MLS statistics for the last twelve months for MLS area 517 Woodridge, the median sales price for Detached Housing increased +5.7%, average marketing time declined -9.8% to 74 days on the market, and there is currently a 5.1 month supply of inventory. This level is considered a oversupply. REO & Short Sales account for approximately 18% of total sales. 312-479-5344 Real estate appraisals in Woodridge, Illinois, 60517. Certified Appraisers. Appraisals for divorce settlements, 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
Woodridge, Illinois 60517

2. Single family home data taken from
the MRED MLS

3. In the last 30 days there were 18 closed sales of Detached Homes
26 went under contract and there were 28 new listings

4. In the last 12 months median sales prices increased +5.7%

5. Marketing Time is down -9.8% to an average of 74 days
on the market

6. Now there is a 5.1 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 Woodridge, 60517. Appraisals for divorce,
estate, bankruptcy, tax appeal, bail bonds, and for sale
by owner. Call 312.479.5344 www.appraisercitywide.com