A Quick Look Back at the 2018 Chicago Market

What’s been going on in the Chicago metro area?

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Now that we are well into the new year, we take a look back at 2018 and how it compares to previous years. At the end of last year, we saw a couple interesting changes occur. First, the number of sales was down 6.8% from 2017; second, inventory was up about 7% over the year before. Additionally, prices continued to rise in most areas of Chicago. The overall home price was up 2% year over year. However, different areas saw different trends: Some neighborhood prices were down as much as 6%, and some were up as much as 16%.

Home sales are down and inventory is up.
— Leigh Marcus