Chicago Real Estate Update for March 2018

How is our real estate market doing? Here’s the latest news you need to know.

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I’m back to give you another market update for Chicago. It’s early March and we have a very low supply of inventory. That’s the big story right now. Inventory is down about 5% from the same time last year, meaning there are fewer choices for buyers and less competition for sellers.

Interest rates won’t stay this low.
— Leigh Marcus

Interest rates are relatively low right now as well, but they won’t be for long. There are rumblings of multiple interest rate increases throughout the year. However, with our inventory and interest rate, it’s a great time to get involved in the market.

If you have any questions for me or you’re looking to buy or sell a home anytime soon, don’t hesitate to reach out and give me a call or send me an email. I look forward to hearing from you soon.