Oak Park, IL Area – January 2009 Market Activity
By Laurie Christofano, ABR, The Pych Team at RE/MAX in the Village
(RE/MAX in the Village, Realtors)
Oak Park Area – January 2009 Market Activity* With the real estate market playing a major role in today’s economy, many people are curious about their local real estate market. Here are the combined January 2009 statistics for Forest Park, Oak Park, and River Forest, Illinois. Detached Attached Number Closed 16 10 Days on Market 182 94 Avg Sales Price $443,969 $128,400 Avg SP:LP 93% 92% How does this compare with sales one year ago? January 2008 Oak Park Area Market Activity* Detached Attached Number Closed 24 18 Days on Market 139 171 Avg Sales Price $524,704 $208,892 Avg SP:LP 95% 95% In terms of volume, single family home sales are down 33% and condos are down 44%. ...