Oak Park and River Forest See Increase in Home Sale, Price Drops
Year-to-year numbers show a 72 percent increase in home sales in Oak Park. River Forest saw a slight increase as well, but both towns saw sale prices drop.
Oak Park Park's real-estate market experienced a dramatic uptick in October 2012 over the same month last year, with an increase of 72 percent in over October 2011. River Forest by comparison saw an increase of 28 percent over October 2011. The number of actual homes sold this October was 38, compared to the 22 sold during the same period last year. River Forest saw a total of nine homes sold, compared with seven sold the year before. Unfortunately for both town, sell homes came at a price. The sales price of home in Oak Park fell by almost 20 percent. River Forest saw a 30 percent decrease in the price of the homes sold. The market for detached, single-family homes in suburbs throughout west Cook County saw growth in October, according to…
