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| I mostly post about our local city markets. Looking at more macro trends in the state can help form our client strategy. Unit sales were trending up late last year. My guess is we'll have an active early spring despite stagnant mortgage interest rates. |
We spend a lot of time in January doing research for our clients. Many are planning to buy, sell or rent a property early this year. I've been posting some local neighborhood stats and looking at over-all trends. Unit sales and median price were up in Illinois late last year.
December official numbers are not out yet (maybe tomorrow). However, November numbers in Illinois were up. Most interesting was unit sales have trended up year over year. Despite mortgage interest rates trending in the higher 6% range, inventory and sale loosed up a bit. We also saw an over 7% jump in median price of a sold residential property!
Chicago Real Estate Broker with Kale Realty
Over $100M sold! Have a question... ask Eric!
Kale Realty 2447 N Ashland, Chicago IL 60614 in Lincoln Park
Illinois Licensed Real Estate Broker No. 475.126105
Fair Housing Opportunity
erojas@kalerealty.com
Over $100M sold! Have a question... ask Eric!
Kale Realty 2447 N Ashland, Chicago IL 60614 in Lincoln Park
Illinois Licensed Real Estate Broker No. 475.126105
Fair Housing Opportunity
erojas@kalerealty.com
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