Inman's January market update: Chicago

Home values are falling and listings are remaining active for longer

Chicago’s market is in the middle of the winter lull, with its market trends reflecting the time of the year to a T. According to Altos Research, Inman reports the median single-family home value is trending downward in Chicago. The market is nearing closer to balanced but still remains in the hands of buyers, with the days on market increasing and inventory falling.