Market Conditions: August Sales Were the Lowest in 10 Years as Rates Rose
The Illinois Association of Realtors is out with the August sales data. As we already know from Gary’s update, sales were down again in August. But inventory remains low as well. In Chicago, home sales (single-family and condominiums) in August 2022 totaled 2,293 homes sold, down 21.4 percent from August 2021 sales of 2,919 homes. […]