March 2015 real estate market in the Belmont Cragin community area of Chicago

Single Family Housing data taken from the MRED MLS

The market activity for the 30 days included 24 closed sales of Single Family Housing, 44 went under contract and there were 67 new listings

In the last 12 months median sales prices increased +23.3%

Marketing Time increased +7.2% to an average of 104 days on the market

Now there is a 4.3 Month Supply of Inventory at the current level of absorption, this level of inventory is considered a oversupply.

Distressed sales, Bank Owned and Short Sales account for approximately 40% of total sales

Citywide Services performs residential real estate appraisals in Chicago. Appraisals for divorce, estate, bankruptcy, tax appeal, bail bonds, and for sale by owner. Call 312.479.5344 www.appraisercitywide.com