A little good news if you live in the Midwest:
"Sales were weak in all parts of the country except the Midwest, where sales posted an increase of 3.4 percent. Sales dropped by 3.6 percent in the Northeast, 2.1 percent in the West and 0.5 percent in the West."
Chicago prices and availabily vary greatly by neighborhood. if you are interested in a specific neighborhood like Lake View, Lincoln Park or Ravenswood etc... it's best I address them with you on a case by case basis.