Bidding wars are back in popular neighborhoods as Chicago area home buyers compete for limited inventory. Available housing inventory in February 2023 totaled 17,684 homes for sale, representing a drop of 11.4% from February 2022. As of March 2023, home inventory...
Statistically, Chicago area home sales activity has declined, but home buyers are very active in the market. Here’s a look at the sales trends, along with our advice for Chicagoland buyers and sellers! According to the Mainstreet Organization of REALTORS®,...
If you plan to buy a Chicago area home in 2023, the first rule is to be prepared. Here’s how to get ready for home buying, and keep your purchase power at its best! 1. Attend a free home buying seminar with StartingPoint Realty. We share the how-to’s of home buying,...
Chicago home buyers have more options to choose from as the market cools off. There were signs of a slowdown in August, with homes spending more time on the market, and price reductions happening in areas that rarely see them. We shared examples from our own...
Now that interest rates are rising, there are predictions about a slowdown in Chicago home prices. Here are things Chicago home buyers and sellers should know! As of February 2022, Chicago area home prices increased 10% on a year-over-year basis, according to...
Chicago home buyers who were hoping for an easier market in 2022 aren’t seeing it yet. Typically, January ushers in a batch of fresh listings, which are viewed by eager buyers looking for a head start on the spring market. But as the weeks roll by, there...
