As of today’s date, there are 337 homes in Orland Park up for sale.  The year started out with about 250 homes on market and in October, getting to the end of our annual selling market, the inventory has increased to more than 300 available homes.  We are still facing a very lopsided buyer’s market, and although there are some pockets of the United States where sales are good, we still have way too much inventory vs. ready, willing and able buyers in our area.

Add to that the problem of appraisals falling short for many sales, it is still a challenging market for Orland Park and other southwest suburbs.  There are buyers out there, but with over 300 homes up for sale, only 27 were under contract last month.  That means that less than 10% of the total inventory of Orland Park homes received an accepted offer.  All the rest sit, waiting for that special buyer.

Unfortunately, many have to take multiple price reductions until a buyer feels their home is offer worthy.  Many sellers cannot comprehend the reality of our current market and it takes them months (sometimes years) and multiple price reductions and even multiple agents for them to realize that this is how it is.

If you’re an Orland Park home seller that would like to get your home sold, give Judy Orr a call at 708-536-8200.  She can tell you why your home hasn’t sold yet if you’ve had it on the market.  She will create a marketing plan to get your property sold.

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