One-Unit Housing in the Norwood Park neighborhood of Chicago for March 2015

According to data from the MRED MLS the were 35 closed sales of one-unit housing in the last 30 days. There were 74 more that went under contract and 82 new listings

Median sales prices increased +5.4% over the last 12 months

Average marketing time declined -21.8% to 68 days on the market

There is 3.7 months of available inventory at the current level of absorption

In the last year approximately 16% of all sales were some form of distressed sale, Bank Owned or Short Sale

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