Chicagoland days on market falls 33 percent, Re/Max finds

  • RE/MAX Northern Illinois notes sees primary reasons for the sharp reduction in market times: low inventory and technology.
  • According to a RE/MAX analysis of data reported by Midwest Real Estate Data, average market time in Chicagoland fell by a third over the past few years.
  • Technology fosters instant communication and new tools to make the home search process easier.

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According to a RE/MAX analysis of data reported by Midwest Real Estate Data, average Chicagoland days on market fell by a third. That important metric went from 139 days in 2012 to 93 days in 2015. The last time homes sold as quickly was 2006. RE/MAX agents believe this is due in large part by the use and convenience of technology.