Chicago Real Estate Market Update

The latest is in for our Chicago real estate market. Here’s what you need to know.

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The big story in the Chicago real estate market right now is that our inventory is up 9.7% from where it was at this time last year and the number of home sales is down 3.1% over the last 30 days.

This is when the market is at its busiest.
— Leigh Marcus

At the same time, interest rates peaked at 5% back in November, but they’re hovering around 4% right now. This means that on a purchase of $500,000, you’re saving an extra $250 per month.

This is the time of the year when the market is at its busiest, so don’t delay if you’ve been on the fence about buying or selling a home. If you have any questions for me about what’s going on or how you can take advantage of the real estate market, don’t hesitate to reach out and give me a call or send me an email. I look forward to hearing from you soon.