Let’s dive right into the numbers, shall we? Currently, we have a 2.55 Months Supply of Inventory. Now, what does that mean? Well, it’s a measure of how long it would take to sell all the homes on the market if no new listings were added. And guess what? Over the last 12 months, the Months Supply of Inventory has increased by 6.25%! So, what does that mean for you? Stick around to find out!

Now, let’s talk about the List to Sold Price percentage, because I know that’s something you all want to hear. And guess what? It’s a whopping 98.3%! That means, on average, sellers are getting almost their entire asking price. So, if you’re a seller, this is definitely a great time to make a move.

Alright, let’s move on to the Median days on market. In Park Forest, homes are flying off the shelves, figuratively speaking, of course. The median days on market is just 35 days! That’s less than 6 weeks! So, if you’re a buyer, you’ll have to act fast and be prepared to make a competitive offer.

And finally, let’s talk about the Median Sold Price. It currently stands at $342,450. That’s a solid number that shows the strength of our market here in Park Forest. So, whether you’re buying or selling, you can expect a fair and competitive market.

Marie Walton: Well, folks, that’s all for today’s market update. I hope you found this information helpful and insightful. Remember, if you have any questions or if you’re ready to make a move, don’t hesitate to reach out to me, Marie Walton, your dedicated REALTOR® at Ebby Halliday REALTORS. I’m always here to help you navigate the real estate market with confidence.