It is time for another update on the local Real Estate Market. Let's see how it did over the most recent month.
1. Prices Jump Up Again- Good news for anyone who took advantage and bought property in the Fall when the market was a little flat. Typically as the winter begins, the market slows down. BUT, that is not the case this year. November saw a jump in prices and market activity.
2. More New Listings- New listings continue to hit the market, helping with Chicago's low inventory problem. This is good news for anyone still looking to buy who has not yet found anything on the market to fit their needs and wants.
3. Sales Volume Continues To Drop - The overall number of transactions has been declining since the summer of 2017 in the Chicagoland area. Many experts contribute this fact to higher real estate taxes and a declining population in Illinois in general. However, this is also normal to see in the Real Estate Market as sales volume typically goes up and down like this over time.
Click these links below to see more specific market data on your own neighborhood or suburb.
City Market Report
North Shore Market Report
NorthWest Suburbs Market Report
Western Suburbs Market Report