General Real Estate; Real Estate Sales Statistics; Oak Lawn @ 05 May 2009 10:47 am by judyorr
How many Oak Lawn homes have sold in the first quarter of the year and how does it compare to the same time last year? The data below will show you how Oak Lawn real estate is faring during this recession.
Amount of Oak Lawn Homes sold:
2009 = 38 2008= 57 - this shows a downward trend of -33.3% - that’s a big number meaning the number of ready, willing and able buyers has dwindled
Average sale prices:
2009 = $192,704 2008 = $236,129 - showing a decline of -18.4%
Viewing the above Oak Lawn homes sales figures, you can see what buyers are buying, and those are the less expensive properties. These include short sales and foreclosures, which in turn brings values down. These are year-to-date figures from January 1st, 2009 through March 31, 2009.
Now is a great time to buy while prices and interest rates are still low. Give me a call at 708-536-8200 or contact me. Feel free to search the Oak Lawn MLS to get your list ready of homes you’d like to view.
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