Inventory levels for single family Oak Park homes dropped to 8.3 months of inventory in December after reaching a high of 11.5 months in September. The average days on market for the month was at 84 days which is up significantly from the summer months which varied form 31 to 52 days.
After a dip in October and November, the median sale price for single family homes has been trending upward during the last part of 2006 and over all the median sale price in 2006 has trended higher.
In December there were 216 units for sale, 18 under contract and 23 which sold.
For Oak Park condos, in December there were 15.6 months of inventory up from 10.5 months in November. Average days on the market stood at 84 days. Median prices for condos rose throughout 2006. There were 345 units for sale, 16 under contract and 35 sold.
For more information and current market trend graphs please visit: Oak Park Real Estate