February sales remained red hot in Chicago as inventory continued to be at multi-year lows. Only 2005 was hotter for sales over the last 25 years. From the Illinois Association of Realtors: In Chicago, home sales (single-family and condominiums) in February 2022 totaled 1,879 homes sold, up 13.3 percent from February 2021 sales of 1,658 […]
We already knew from Gary’s blog that January was going to be another strong month. (Thanks for all the great info Gary.) You can read his blog here. Chicago’s housing market remains red hot with sales still rising and inventory falling. There’s no doubt, it’s a seller’s market. From the Illinois Association of Realtors: In […]
The Illinois Association of Realtors is out with the December 2021 market update. As we already know from Gary’s posts on this blog, it was another strong month. From the IAR: In the city of Chicago, home sales (single-family and condominiums) in December 2021 totaled 2,392 homes sold, up 5.5 percent from December 2020 sales […]
We’ve chattered about Bronzeville during the pandemic as there has been a surge of new construction in the neighborhood. Crain’s covers what is happening in that neighborhood. The couple bought one of the 28 new-construction houses or townhouses sold in Bronzeville in 2021. That’s the largest number of new houses or townhouses sold in any […]
The Illinois Association of Realtors is out with the November sales data. It was another red hot month for the city which actually outshone the Chicago Metro area for the first time since the pandemic began. In the city of Chicago, home sales (single-family and condominiums) in November 2021 totaled 2,338 homes sold, up 15.9 […]
In 2020, when the pandemic hit, thousands moved out of downtown Chicago, leaving apartment buildings with their lowest occupancy rate in decades. Some buildings offered up to 4 months free rent to lure renters back. Apparently, it worked. Those deals are long gone now. According to Integra Realty Resources, downtown apartment occupancy rates jumped to […]
The pandemic is bringing a lot of work/life changes, including work-from-home. Downtown Chicago, especially the Loop, has historically been dominated by commercial office buildings and retail, but over the past 30 years there’s been a push to move residential into the neighborhood. In the 1990s, old commercial buildings were converted into condos or apartments, but […]
The October sales numbers are out from the Illinois Association of Realtors and the market continues to remain strong, with the second highest October sales since 2006. In the city of Chicago, home sales (single-family and condominiums) in October 2021 totaled 2,417 homes sold, down 5.9 percent from October 2020 sales of 2,568 homes. The […]
The Illinois Association of Realtors is out with the September sales data. Sales declined year-over-year in Chicago, the Chicagoland area and in the state. However, last year was the hottest September in the last 14 years. In the city of Chicago, home sales (single-family and condominiums) in September 2021 totaled 2,611 homes sold, down 0.9 […]
The Illinois Association of Realtors is out with the August sales data. The market cooled from last year’s 4-year high. Chicago home sales (single-family and condominiums) in August 2021 totaled 2,831 homes sold, down 1.4 percent from August 2020 sales of 2,870 homes. In the city of Chicago, the median price of a home in […]