The Chicago housing market isn't quite heating up yet

  • Chicago is considered a buyer's market with little demand from buyers
  • 56 percent of homes in Chicago are selling for below list price
  • The majority of homes are selling between one and three months

Chicago in May is a toss up: temperatures in the 50s one day and 85 degrees the next. And while other cities around the nation are seeing their housing markets heat up, Chicago is still tetering between hot and cold.