As popular a village as Orland Park is, the current economy has hit this lively southwest suburb the same as most others. Prices continue to decline and that started in 2007 for single family Orland Park homes. Orland Park condos and townhomes have shown a decline since the first year I have data for, which is 2006.
There is a bit of positive news. There was a 2.2% increase in the amount of Orland Park homes for sale and a much larger increase of 21% for Orland Park townhomes and condos sold.
Orland Park is one of the highest priced towns in the southwest suburbs I work in with an average sales price of $345,465 in 2009 for single family Orland Park homes. The highest price posted in the data I have was an average of $422,090 in 2006.
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