Niles Real Estate Market Extends Weakness in New Listings

Over the last 30 days, a new downward trend of new sellers coming into the Niles market continued, with three listings in this week's report. Meanwhile, sales remained flat, with 11 homes selling during the same period. A months of inventory number of zero reported this week continued a four-week downward trend, likely due to the weak number of new listings in the area.

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Demographic facts for Niles:

  • The population density is 5,391.1 people per square mile in this area.
  • The area's lifestyle rating is 76. (Scale: 1 = Worst, 100 = Best)
  • 75.0% of the residents commute to work alone in their car, 10.8% via carpool, and 6.6% by way of public transit.

Data reported through 10/12/2016

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Keller Williams Benchmark Properties
Legacy Real Estate & Associates
Snapped 1 home in this area
Quick Real Estate & Loans
Snapped 2 homes in this area

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