Hi there, I’m Marie Walton, your trusted REALTOR® from Ebby Halliday, REALTORS. Welcome to my market update for August 2023. Whether you’re a buyer or seller in the Park Forest neighborhood, I’ve got some exciting news to share with you today!
Let’s start with the Months Supply of Inventory. As of now, we have 2.67 months supply of inventory in Park Forest. That means if no new listings come onto the market, it would take just over two and a half months to sell all the existing homes. But here’s an interesting fact: over the last 12 months, we’ve seen a significant increase of 45.9% in the Months Supply of Inventory.
Now, let’s talk about the List to Sold Price percentage. In Park Forest, we’re seeing a remarkable 96.3% list to sold price ratio. This means that on average, sellers are getting 96.3% of their asking price. It’s a great time to sell and maximize your investment!
Another crucial factor to consider is the median days on market. In Park Forest, homes are selling quickly, with a median of just 24 days on the market. That’s less than a month! So if you’re a seller, you can expect a fast and efficient selling process.
Last but certainly not least, let’s discuss the median sold price. In Park Forest, the median sold price is currently at $350,000. That’s fantastic news for sellers as it shows a steady increase in property values. And for buyers, it’s a testament to the desirability of this fantastic neighborhood.
So, whether you’re looking to buy or sell in Park Forest, now is the time to take action. If you have any questions or need assistance navigating the market, please don’t hesitate to reach out to me. As a trusted REALTOR® with Ebby Halliday, REALTORS, I’m here to guide you every step of the way.
Thank you for dropping by and I look forward to helping you achieve your real estate goals in beautiful Park Forest!
Marie Sells Dallas 