Orland Park Real Estate Stats

How many homes are for sale in Orland Park today? Today, there are 268 Orland Park homes for sale. How does this compare to active listings at other times this year? Are things better or worse?

In January, I wrote a post in my Chicago Suburbs Real Estate Blog that there were 244 homes up for sale in Orland Park. Many listings in January have been sitting over the winter. Although I did have a wonderful January one year (can't remember when that was), the month of January is usually a bit slower. A lot of sellers don't list their properties until the spring. Orland Park had less homes up for sale this past January, 2009, then it does now in October.

In April there were 287 homes on market, up from January. This reflects the spring selling season where many sellers try to get their homes on the market from March through May.

In July, which is towards the end of our summer sales spike, there were 295 single family homes on the market in Orland Park. Compared to that, today's market is lower. Does that mean all of those homes sold? Not necessarily, some sellers take their homes off the market during the fall or winter months knowing that there will be less buyers looking once the school season begins. But there does seem to be a surge towards the end of summer so a lot of inventory could have been sold since then.

The looming expiration of the First-time Buyer's Tax Credit certainly brought a lot of buyers out trying to find a home so they could qualify for the credit. That could also explain the drop in inventory from July to October.

Another reason could be that sellers that had homes sitting on the market finally reduced price enough to generate offers. There are so many price reductions occurring that buyers are getting used to them.

If you're still looking for an Orland Park home for sale give Judy Orr a call at 708-536-8200 or use the "e-mail me" link next to my photo.