Is Lakeview really a buyer's market?

Chicago submarket has more than a seven-month supply of single-family homes
  • Average time on the market in Lakeview is 95 days.
  • Home values in Lakeview and North Center have minimally appreciated during the past year.
  • The Chicago Cubs second baseman recently bought a home in North Center.

At a time when Chicago’s for-sale housing inventory is hitting new lows, one neighborhood is seeing a rise in its supply of single-family homes and could be a hidden buyer’s market. Lakeview had 90 homes for sales at the end of February, which equates to roughly 7.3 months of supply, according to a blog posting from Gary Lucido, president of Lucid Realty.