We recently reported on the percentage of homes locally that are selling above asking price. Local Realtor Scott Berg has seen this in his practice and decided to do a little market research of his own. What he found surprised him and points to Oak Park being an interesting anomaly.
Berg notes his research was prompted by his close family ties with others in the real estate industry, particularly his cousin in Willowbrook. Berg says, “We talk five times a day, and he’s telling me stories of what’s happening in that area. It did feel like Oak Park is tighter than they are.”
Those casual observations led Berg to pull 12-month MRED (Midwest Real Estate Data) data comparing Oak Park to five other western suburbs: Wheaton, Elmhurst, Downers Grove, Naperville and Hinsdale…