Park Ridge Real Estate Market Update Summer 2019

Based on numbers provided by MRED,LLC / Infosparks, the Park Ridge real estate market continues to show stable growth amid a strong market.  Since 2013, the average sales price of Park Ridge homes has increased over $100,000 – showing that now may be the perfect time to sell to get top dollar in Park Ridge.   That said, other indicators such as the average sales price to original list price and average days on market back up the fact that it’s a sellers market.

Buyers, however, aren’t completely at a disadvantage! The reality is that the current inventory is at about 5 months supply – which shows the market is actually pretty balanced.  Given a lot of signs that the national market is cooling, there are still plenty of opportunities!

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