Tinley Park Supply & Demand

As I was going through my blog posts, I realized I had not shown my 2010 Supply & Demand Chart for Tinley Park homes. The chart below shows the amount of homes on the market, how many were under contract and how many closed for each month during 2010. Look at the huge discrepancy on what was up for sale (the red line) vs. Tinley Park homes that had accepted offers and those that closed. Even putting pending and closed sales together, you can see how much excess inventory there has been.

What I also like about the chart below is that it shows you the months that had the most homes go under contract (March & April) and you can see that June had the most closings, which correlates with the accepted contracts in the Spring. January had the least amount of closings. As is normal in IL, December had the least amount of Tinley Park homes up for sale.

In viewing a chart like this, it really shows how important it is to price your Tinley Park home at market value or below if you want a chance at selling. Buyers will only make offers on the homes that are priced correctly for their condition. You might have a beautiful home, but if it is overpriced buyers might not even take a look.

Check out Tinley Park real estate sales statistics to get exact sales data on single family and attached properties from 2005 until present. You'll be able to see the market ups and downs.