Posts tagged "Chicago monthly real estate market update"

June Chicago Real Estate Market Update: Home Sales Recover But Not For Long

June Chicago Real Estate Market Update: Home Sales Recover But Not For Long
It sure looks like June was a much better month for the Chicago real estate market. After a pretty weak May home sales actually rose by 4.3%, which is the first increase in 6 months. But keep in mind that when the Illinois Association of Realtors reports on June home sales they will report it... Read more »

May Chicago Real Estate Market Update: Home Sales Plunge

May Chicago Real Estate Market Update: Home Sales Plunge
The Chicago real estate market took a pretty big hit in May, with sales declining by the largest year over year percentage since June 2011 – down 13.5%. That marks the 5th month in a row that sales declined from the previous year. In two weeks the Illinois Association of Realtors (IAR) will report a... Read more »

Chicago Real Estate Market Update: Home Sales Continued To Drop In March

Chicago Real Estate Market Update: Home Sales Continued To Drop In March
March just topped off the third month in a row of declining home sales in Chicago. Compare that to last year at this time when home sales were spiking by double digit percentage growth rates during the entire first quarter. I’m seeing a 4.4% decline in year over year sales for this March but when... Read more »
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Chicago Housing Market Merely Coasting In Neutral In February

Chicago Housing Market Merely Coasting In Neutral In February
As has been the case recently the Chicago housing market continued to sputter along in neutral in February, unable to keep up with last year’s torrid growth rate. February is coming in around 1.6% less than last year, which was up around 20% over 2012. And once again, in two weeks, the Illinois Association of... Read more »

Chicago Real Estate Market Cools Off With Low January Temperatures

Chicago Real Estate Market Cools Off With Low January Temperatures
Well, don’t say I didn’t warn you. For some time I’ve been talking about all the indications showing that the Chicago real estate market was slowing down. The writing was pretty much on the wall when I did my January Chicago real estate market update for December. Contract activity was slowing down and the only... Read more »

September Chicago Real Estate Market Update: Has The Growth Ended?

September Chicago Real Estate Market Update: Has The Growth Ended?
While it is true that September clocked another impressive month of strong, double digit percentage growth in home sales in Chicago, it is looking more and more like the days are numbered for this kind of real estate market performance.  After all trees don’t grow to the sky. September was up 26.9% over last year,... Read more »
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August Chicago Real Estate Market Update: Home Sales Jump 26.4%

August Chicago Real Estate Market Update: Home Sales Jump 26.4%
August marked the 26th month in a row of spectacular real estate market performance in Chicago with home sales up 26.4% over last year and at the highest level of the last 6 years. In fact, as you can see in the graph below August 2013 home sales were the 6th highest in the last... Read more »

June Chicago Home Sales: 2 Years Of Continuous Improvement

June Chicago Home Sales: 2 Years Of Continuous Improvement
June marked the 2 year point in the turnaround in the Chicago housing market. It marked 24 consecutive months of year over year increases in home sales – most of which have been double digit percentage increases. This June was 16.6% above last year’s 22% improvement over the year before that. As I always like... Read more »

January Chicago Home Sales: A Blowout Month In Activity

January Chicago Home Sales: A Blowout Month In Activity
19 months and counting of monthly growth in Chicago home sales – 11 months of double digit increases. January home sales grew over last year by a whopping 35.5%, which is the second highest growth rate since April 2010. And all this at a time when inventories are at record low levels, leaving buyers fighting... Read more »
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