The city of Chicago’s housing market got off to a positive start this year, with single-family home sales totaling 597 in January. This total represents a 3.3 percent increase in activity on a year-over-year basis, according to data from the Illinois Association of Realtors. Better news for single-family sellers, the median home price of a single-family home rose to $185,000, a 13.8 percent year-over-year rise.
- January homes sales activity in Chicago bodes well for the market's spring selling season.
- Single-family home prices are being pushed by declining inventory.
- One of the city's largest brokerages is seeing more interested buyers ask for new construction.
Big plans for business in 2018?
Give yourself the tools to own the new year at Connect SF, July 17-20, 2018