The following graphs and the table show market trends for single family Orland Hills homes from March 2011 through March 2012. The chart below shows that the amount of homes listed has seen a steady decline from the peak in April 2011.
The chart below shows the amount of homes that actually sold and closed in the village. You will need to notice the difference in the left side as to the number of properties comparing the 2 charts. The peak closing month was in November of 2011. This number reflects homes that had accepted contracts around August to October.
The chart below shows average list prices for Orland Park homes. This is what sellers wanted.
The chart below shows what sellers actually got when they sold their Orland Hills homes. When you notice $0 that just means there were no homes that sold and closed in that particular month.
The table below shows exact figures for sales of Orland Park homes over the past year. It also includes average days on market.
This was written in response to Active Rain's Real Estate Recovery or Not article.