Posts tagged "Chicago home inventory"

Chicago Real Estate Market Update: Incredible Strength Continues In March

Chicago Real Estate Market Update: Incredible Strength Continues In March
I’m still trying to get used to the idea of a hot Chicago real estate market because what we are experiencing right now is nothing short of incredible. I just updated my March statistics on the housing market and all signs continue to point way up. March home sales were up 16.4% over last year,... Read more »

Record Low Chicago Home Inventory - A Real Challenge For Home Buyers

Record Low Chicago Home Inventory - A Real Challenge For Home Buyers
We just updated our periodic analysis of Chicago home inventory and market times and once again Chicago hit record lows – especially for this time of the year. It’s great news for home sellers but what’s good for sellers isn’t very good for home buyers, as anyone who is looking right now can tell you.... Read more »

Going Into The Slow Season And Home Inventories Are At Unbelievable Lows

Going Into The Slow Season And Home Inventories Are At Unbelievable Lows
Normally as we move through August Chicago home sale activity starts to fall off much faster than the available inventory of homes. Therefore, the months of supply of homes begins a rather predictable pattern of a dramatic rise through the winter months. But this year the pattern has not materialized in the least, with August... Read more »
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Chicago Home Inventory Continues To Plunge To New Lows

If you’ve been trying to buy a home in Chicago lately you know it’s not easy. There’s not a lot to choose from and as soon as something hits the market with a reasonable price it’s gone. You’re not imagining it and I’m not making this up. I have the data to prove it. We... Read more »

Record Low Home Inventory Should Support Chicago Home Prices

Despite the fact that home prices in Chicago seem to be heading lower in the short run there are some strong positive indicators for prices in the longer term. We just updated our home inventory numbers for Chicago for 2 – 3 bedroom condos – the sweet spot of the market – and it shows... Read more »

Why You Can't Find A Decent Chicago Condo: Record Low Inventories

Why You Can't Find A Decent Chicago Condo: Record Low Inventories
You’ve been looking for a Chicago condo for months now and it seems like you just can’t find anything decent. All the condos in Chicago seem to be either overpriced or in pretty terrible shape. Well, there’s a very real reason why your condo search seems to be going nowhere. As I’ve pointed out before... Read more »
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Will Record Low Home Inventory Levels Support Prices In Chicago?

As I’ve said before, there is only so much pain that Chicago home sellers can take. At some point they just give up and stay put – or become reluctant landlords. Based upon recent inventory trends it sure looks like that time is here. At the end of October the months of supply of 2... Read more »

Chicago Condo Inventory Still Unseasonably High

We recently updated our market statistics for several Chicago neighborhoods (looking specifically at 2 – 3 bedroom condos) and for the 6th month in a row condo inventory remains fairly flat with an 18 – 19 month supply. As you can see from the chart above that is still high for this time of the... Read more »

Chicago Condo Inventory Rising Again; Market Time Trend Unknown!

As we expected, once the tax credit expired the number of contracts being written on Chicago homes plummeted. Consequently, home inventory is back on the rise. I tend to focus on 2 – 3 bedroom condos as a measure of home inventory since I see that as appealing to the most people. In addition, I... Read more »
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    Gary Lucido

    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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