Orland Park Homes Months Supply 2008-2011

The following charts will show the month's supply of single family Orland Park homes from the dates of October 2008-October 2011. These charts really show that we are in a Buyer's Market. It is accepted that a 6 month supply of inventory is a stable market, less than 6 months supply is a seller's market and more than 6 months supply is a buyer's market. Look at those months supply! It's only an even market for reo properties (foreclosures) with the most current month supply at 6.2%. That means it would take 6.2 months to clear out all of the existing reo homes in Orland Park, and that does not take into consideration new listings that hit the market.

Now, put that math towards regular sales and you'll see that it will take more than 2 years to clear out our current inventory! This should help sellers realize why they need to price their Orland Park homes correctly if they want them to actually sell and not sit on the market and stagnate. These charts are a real eye opener.

If you're interested in Orland Park home sales, especially if you're a seller, please spend some time viewing the 2 different charts above. I can break this down to your price range so you can really see how many months supply is out there for your particular home, as this chart takes the entire village of Orland Park into consideration. Just give me, Judy Orr, a call at 708-536-8200 or use the Contact Me form.