Sales Plummet to Lowest Since 2011 While Prices Hold Steady The number of homes sold in the Chicago area plummeted in October to the lowest sales total for that month since 2011, but the prices of those homes rose. Home sales have been expected to drop because of the...
Chicago Home Sales Plummet But Not Sales Prices (Yet) Recession fears and crazy-high interest rates curbed Chicago-area home sales, but sales prices remain strong due to continued lack of inventory. Sales Prices Hold Steady The median price of homes sold in the...
Will Chicago Housing Market Crash? A New Report Says The Risk Is High Chicago’s housing market is highly vulnerable to a decline if the U.S. economy dips into a recession, according to a new report. Attom, the property information service, rated seven Chicago-area...
Is Now a Good Time to Buy a Home? According to the latest market reports foo the city of Chicago, there has been a rise in real estate prices and demand throughout the city. The average sales price for a single-family homes have held steady with a modest 1.4% increase...
Chicago Real Estate Market Update Market Snapshot – City of Chicago 3,839 properties were sold in the City of Chicago in June 2021. This is an 85.4% increase from June 2020. The median sales price in the City of Chicago for June 2021 was $350,500, up 6.9% from...
Chicagoland’s Housing Boom Officially Over, Prices Expected To Fall The Housing Boom is Over For the first time since the pandemic-era housing boom began, Chicago-area home sales in May dropped below the level of pre-COVID years, a clear signal that the boom is...