With the state’s economy shut down due to COVID-19, it’s not a surprise that April home sales plunged in Chicago and around the state. From the Illinois Association of Realtors: The city of Chicago saw year-over-year home sales decrease 22.2 percent with 2,018 sales in April, compared to 2,595 a year ago. The median price […]
Inventory is low this spring due to the coronavirus pandemic. Some sellers are afraid to list as they don’t want strangers walking through their home. Others may be waiting for the state to reopen for business. But buyers are still looking as Crain’s Dennis Rodkin reports: “It’s been very busy, kind of crazy,” said Ryan […]
The Illinois Association of Realtors is out with the March data. The Chicago market started out the spring home buying season on a strong note, with near record low mortgage rates and record low unemployment. But, in March, the COVID-19 state and city wide economic shutdown hit. Still, March was another strong month despite the […]
There’s a lot of discussion about how COVID-19 will impact the housing markets both immediately and long term. Closings are still getting done as buyers house hunt through virtual tours and remote appraisals and closings. Chicago’s inventory remains low as new listings have plunged. Each week the shutdown continues, the number of new listings seems […]
Does anyone care about what the housing market was doing before the coronavirus hit the US? It seems like another world now. But it’s good to have the data. It’s not surprising that Chicago home sales were up year-over-year in February. From the Illinois Association of Realtors: The city of Chicago saw year-over-year home sales […]
It’s time for an open thread on the impacts of the coronavirus on Chicago’s housing market. Yes, obviously the health and safety impacts take priority. But there will be economic impacts as well. With the stock market at record highs, unemployment at 50-year lows, and mortgage rates back to all-time lows, the Chicago spring housing […]
The Illinois Association of Realtors is out with the January sales data and the Chicago housing market showed improvement for the second month in a row. The city of Chicago saw year-over-year home sales increase 5.9 percent with 1,427 sales in January, compared to 1,347 a year ago. The median price of a home in […]
The Illinois Association of Realtors is out with the December sales numbers, which were better than expected. In the city of Chicago, home sales (single-family and condominiums) in December 2019 totaled 1,861 homes sold, up 9.0 percent from December 2018 sales of 1,708 homes. The median price of a home in the city of Chicago […]
The Illinois Association of Realtors is out with the November sales data, and as expected, the Chicago market remains weak. It was the worst November since 2014. The city of Chicago saw year-over-year home sales decrease 10.4 percent with 1,659 sales in November, compared to 1,852 a year ago. The median price of a home […]
The Illinois Association of Realtors is out with the October sales. As predicted, the Chicago market remains soft. The city of Chicago saw year-over-year home sales decrease 2.8 percent with 2,048 sales in October, compared to 2,108 a year ago. The median price of a home in the city of Chicago in October was $275,356 […]