Chicago’s Weather and Market Begins to Cool Off This month, we are going to examine the market covered by the MRED MLS listing service (basically Chicagoland) to look for trends. MRED tracks data on a weekly basis to compare 2020 to 2021 statistics. This gives us a...
Housing Exuberance Ends These Four Key Fundamentals Show Market Fizzling The latest statistics provided by the Chicago Association of Realtors through the end of August paint a grim picture for real estate. In many areas, four key indicators are off compared to the...
Mixed Market Shows Signs of Slowing Down The July 2021 Chicago area market stats are in and we might be on the cusp of a slowdown. In Lincoln Park, sales are up 135% from last June 2020 while inventory down 15%. In lakeview, sales are up 114%, while inventory is up...
Can Apprehensive Buyers Time Market To Avoid Paying Top Dollar? by Home Buyer Agents | Jul 24, 2021 | Chicagoland Real Estate Information The June 2021 Chicago area market stats are in and there is no sign of a slowdown. Take Lincoln Park, sales are up 135% from last...
Things Are About To Get Crazy in Downtown Buying Binge The pandemic and riots downtown led to historic price drops and inventory increases downtown. Downtown owners were left behind from the record sales on Northside and suburbs. But the peak period for buying...
Hungry Buyers Pay Top Dollar But Fear Crash As New Listings Flood Market This is my outlook after doing real estate 20 years. I have seen all the highs and lows of the market over the years (including the 2009 crash). But I have seen nothing like this. Buyers are...
