Monthly Archives: September 2018
Chicago River North Real Estate Market Insights
Generally, the Chicago River North real estate market mirrors broad national trends of relatively high buyer demand (for more details on national real estate statistics, click this link). The big picture for the Chicago River North real estate market is average sales prices — across all districts — continue to increase, listing market times are... Read More
Chicago Gold Coast Real Estate Market Insights
Nationally we’re still seeing relatively low housing inventory and high buyer demand despite inventories slightly increasing in June and July 2018 (for more details on national real estate statistics, click this link). The Chicago Gold Coast, however, is moving towards a balanced market based on six months supply of homes in August 2018. The big... Read More
Chicago West Loop Real Estate Market Insights
The Chicago West Loop real estate scene is hot as evidenced by the market statistics we detail below**. The Chicago West Loop market generally mirrors broad national trends of low housing inventory and relatively high buyer demand (for more details on national real estate statistics, click this link). The big picture for the Chicago West... Read More
Bidding Wars On for Chicago West Loop Real Estate
The bidding war is on for Chicago West Loop real estate. Across the entire West Loop, for the most popular properties, we’re seeing, on average, listing market times of six days and sales prices 104% of listing price.** This rapid list-to-sell pace and high sales price vs listing price ratio (SP:LP) means sellers could, in... Read More
National Residential Real Estate Market Statistics August 2018
Over the last 12 months, there’s been a general overall lack of inventory across the United States. Across the U.S. this lack of inventory has coincided with high consumer demand for housing. This overall lack of inventory has created sellers’ markets in many communities across the United States. However, the slight housing inventory uptick in... Read More