In this presentation Chicago area appraiser Michael Walsh discusses the current market conditions for single family homes in Downers Grove, Illinois 60515

1. May 2015 real estate market in
Downers Grove, Illinois

2. Single family home data taken from
the MRED MLS

3. In the last 30 days there were 79 closed sales of Detached Homes
77 went under contract and there were 132 new listings

4. In the last 12 months median sales prices increased +6.5%

5. Marketing Time decreased -26.3% to an average of 87
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 13% of total sales

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