The 2011 stats are in for Orland Park homes.

• There were 6% more sales than in 2010 – 282 in 2011 vs. 266 in 2010.  That’s good news and I’m hoping we’ll see even a higher amount of sales in 2012.  It’s been really busy for this time of year and I hope it continues.
• Prices decreased 11.1% – the average sale price in 2011 was $318,088 compared to $357,690 in 2010.  I didn’t expect double digit price decreases in this popular village.

Although I am optimistic about 2012 I’m not sure how prices will be affected.  Even with more sales we are still in a buyer’s market with more short sales and foreclosures coming up.  As many real estate gurus predict, I think we will continue seeing price drops.

Click the link to see all Orland Park real estate sales stats from 2005 until the present.

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