Chicago single family home prices-

where have they been and where are they going?

The following chart shows median home prices for the city of Chicago — 2008 to 2014

The inventory of homes has dropped to almost nothing – this puts pressure on prices, causing them to rise. A “steady” market is 6 months of inventory.  It’s neither a buyer’s market nor a sellers’ market at 6 months.  Today, it’s a SELLERS’ MARKET!!

 

Here’s the Chicago inventory of homes (in months):

 

And, in raw NUMBER of sales, the units of single family homes sold in Chicago has risen dramatically:

 

Would you like to see these charts for your neighborhood?

Would you like to see the Market Insights Report for your area?

Email me

and ask for the report to be emailed to you –

one time or automatically each month!

Anne Rossley Chicago Real Estate Broker

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