What’s happening in the Chicago real estate market this April? I’ll go over the latest market update for you today.
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Today I’m here with your April market update.
Inventory is still relatively low. Compared to last year, we’re down about 0.5% in terms of the number of homes for sale.
The number of contracts written (and buyer demand) is also down about 5% compared to this time last year. So although the inventory is still similar to the first quarter of 2017, the number of buyers in the market and homes under contract is down about 5%.
If you have any questions about how that impacts your home search or home sale, just give me a call or send me an email. I would be happy to help you!