Home Sales Decline in Western Springs Real Estate Market

The Western Springs market slowed with a 6.7% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 17.6 monthly average with 14 homes sold. In comparison, nearby Westmont had 34 sales in the same time frame, the most of all neighboring cities. A months of inventory number of eight reported this week continued a four-week upward trend. With decreasing sales and the availability of so much inventory, Western Springs is a strong buyer's market.

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Demographic facts about Western Springs:

  • There are 4.1% vacant homes here.
  • The area gets 189 sunny days a year. (U.S. average: 205)
  • The student per librarian ratio in this area is 489:1. (803:1 = national average)

Data reported through 10/12/2016

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Wilk Real Estate
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Weichert Realtors-Nickel Group
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