Sunday, May 31, 2009

Orland Park Real Estate Market Review

The chart to the left shows Orland Park real estate statistics comparing '08-'09. As you can see, there is still way too much inventory compared to the pending sales and those that have sold and closed. It's great to be a buyer for Orland Park homes.

This is why it is so important for sellers to price their Orland Park properties correctly. Buyers have a huge selection of homes in all price categories. They only write offers on the properties that are priced correctly for what they offer. This chart shows the true imbalance of properties that have actually sold compared to those currently up for sale.

The reality is, if you don't price your place correctly for what it has to offer (or not) it simply will not sell. Buyers won't make an offer since they'll find something better to make an offer on. If your home is not priced right you will not get any offers at all. You might not even get any showings.

I hope this chart shows you the real Orland Park real estate market. This chart was created by Terradatum that uses the information from the Northern Illinois MLS. If you'd like to take advantage of this high amount of inventory, which brings prices down, give Judy Orr a call at 708-536-8200 or use the contact form to the left.

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