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.
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.