A Week's Peak at the Chicago Real Estate Market

Posted at 2:54 PM, Feb. 11, 2008

Here is the weekly stats provided from the Chicago Association of Realtors.  These figures represent the city of Chicago only as does not reflect specific neighborhoods or subneighborhoods.  If you wish to have more detailed information regarding an area or property of your choice, consult your local professional.

We are seeing slightly less properties coming onto the market this week from the last two years indicating that sellers are being a bit more cautious with entering the market at this time.  Sold number of units are keeping pace in proportion to units entering the market as seen from previous years.

Single Family Home values are up approximately 5% as a median value compared to 2007, but still not quite at 2006's values.  Condos however, have had a pretty steady climb.  Things are not as bleak as they seem.