Sales have been slowing year over year the last several months so it’s no surprise that we saw more of the same in May. From the Illinois Association of Realtors: “The city of Chicago saw a 15.7 percent year-over-year home sales decline in May 2014 with 2,390 sales, down from 2,834 in May 2013. The […]
Sales have been slowing for several months in Chicago. After the surge in 2013, it’s not surprising that year over year numbers show a decline. Remember, it wasn’t until May of 2013 that mortgage rates spiked. From the Illinois Association of Realtors: The city of Chicago saw a 7.6 percent year-over-year home sales decline in […]
As expected, March sales fell 6.5% year over year as weather, tight inventory, higher prices and higher mortgage rates bit buyers. From the Illinois Association of Realtors: “The city of Chicago saw a 6.5 percent year-over-year home sales decline in March 2014 with 1,819 sales, down from 1,945 in March 2013. The median price rose […]
The February sales data is finally out and mirroring what is happening in the rest of the country, sales fell year over year. From the Illinois Association of Realtors: The city of Chicago saw a 3.5 percent year-over-year home sales decline in February 2014 with 1,361 sales, down from 1,411 in February 2013. The median […]
We’ve chattered a lot about the “accidental landlords” in Chicago, especially on 1/1 and 2/2 condos that they couldn’t sell for a profit during the bust so they decided to rent them out instead. Crain’s is reporting that some of them might want out of the landlord game. Condominium owners are getting the itch, too. Fulton Grace […]
We already knew January was weak but the official Illinois Association of Realtors numbers are out today. January sales fell 9.1% year over year but last year was the highest in 6 years. “The city of Chicago saw a 9.1 percent year-over-year home sales decline in January 2014 with 1,383 sales, down from 1,521 in […]
It’s that time of the month again. December was another solid sales month for Chicago. From the Illinois Association of Realtors: The city of Chicago saw a 12.5 percent year-over-year home sales increase in December 2013 with 2,080 sales, up from 1,849 in December 2012. The year-end 2013 home sales totaled 27,155, up 21.2 percent […]
According to Case Shiller, Chicago October home prices rose 10.9% year over year, the fastest increase in 25 years. However, compared with September, Chicago prices actually declined slightly. From the Chicago Tribune: “The S&P/Case-Shiller home price index also showed though, that compared with September, home prices in October fell 0.5 percent, following a month-over-month gain of […]
November home sales managed to do in Chicago what most other metropolitan areas haven’t seen: they rose. From the Illinois Association of Realtors: The city of Chicago saw a 0.1 percent year-over-year home sales increase in November 2013 with 1,800 sales, up from 1,798 in November 2012. The median price also rose to $200,000 versus […]
Finally, the Illinois Association of Realtors is out with the October sales data. From the Illinois Association of Realtors: The city of Chicago saw a 7.5 percent year-over-year home sales increase in October 2013 with 2,231 sales, up from 2,076 in October 2012. The city of Chicago continues to see a steady market increase in […]