This week in the 61341 zip code market, sales rose to nine homes sold over the last 30 days, even with a prolonged downward trend in price reductions, with 10 in the same time frame. All indications show that the trend should continue, meaning less price reductions over the next few weeks. Prices are falling in the 61341 zip code, and this period the median price of all sales fell from $157,500 to $155,000. Even after the uptick in sales, an elevated eight months of inventory tells us that the 61341 zip code is still a definite buyer's market.
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