It’s still a seller’s market in Chicago as inventory remains near record lows. One of the reasons new posts have been sporadic is because there really isn’t much coming on to talk about. Statewide, in May, it looks like inventory jumped 15% year-over-year but we’ll see when the IAR puts out the data in a […]
It’s time to get back to the monthly sales data. We’ve been chattering about how low the inventory has been this spring. It hit new lows for this cycle in February 2025. From the Illinois Association of Realtors: The city of Chicago experienced a 3.1 percent year-over-year home sales decrease in February 2025 with 1,306 […]
Crain’s Dennis Rodkin reports on the “phantom” gold coast building at 1447 N. Dearborn Parkway, that has seemingly been mostly empty since as far back as 1990. We even chattered about the building ourselves in 2015 (although I used 1445 N. Dearborn as the address, instead of 1447.) Some of you posted the permits for […]
This 2-bedroom at 17 E. Division in the Gold Coast came on the market in February 2025. Built in 1900, 17 E. Division has 6 units and some outdoor parking. The listing called this top floor unit a “French-inspired penthouse.” The unit has some of its vintage features including custom moldings, 12 foot ceilings, a […]
The Illinois Association of Realtors is out with the November 2024 sales update for the state, suburbs and city of Chicago. Sales remain near housing bust lows thanks to low inventory. From the IAR: The city of Chicago saw a 3.7 percent year-over-year home sales increase in November 2024 with 1,481 sales, up from 1,428 […]
It’s December in Chicago. This is a slow month for real estate in Chicago. Many homeowners are waiting to sell in the spring market which now begins in early January. They are enjoying the holidays with family and friends and don’t want their home life disrupted by home buyers. But there is slow, and there […]
The Illinois Association of Realtors is out with the latest data. Sales bounced off last year’s lows but inventory continued to fall. And last year was a record low for inventory. From the IAR: The city of Chicago saw a 3.1 percent year-over-year home sales increase in October 2024 with 1,688 sales, up from 1,637 […]
Chicago’s September sales fell 12% as inventory remains low. It was the lowest number of sales since 2011, which was during the housing bust. (The picture above was actually taken in October 2011 in Lincoln Park.) From the Illinois Association of Realtors: The city of Chicago saw a 12.0 percent year-over-year home sales decrease in […]
The Illinois Association of Realtors is out with the August 2024 data. The Chicago market remained extremely tight with inventory and sales falling again. “The city of Chicago saw a 7.1 percent year-over-year home sales decrease in August 2024 with 2,083 sales, down from 2,242 in August 2023. The median price of a home in […]
The biggest story with Chicago housing in 2024 hasn’t been the slow sales, but the inventory decline. In July 2024, inventory dropped again, even as it rose statewide. From the Illinois Association of Realtors: The city of Chicago saw a 5.3 percent year-over-year home sales increase in July 2024 with 2,161 sales, up from 2,052 […]