Tag: Chicago monthly real estate market update

Chicago Real Estate Market Update: Home Sales Sputter Less Than Last Month

Chicago Real Estate Market Update: Home Sales Sputter Less Than Last Month
For the 9th time in the last 10 months the Chicago real estate market had lower home sales than the previous year. May came in 2.8% lower, which is actually the second lowest decline among those 9 other months. The May sales level was also lower than two years ago. However, if you look at... Read more »

Chicago Real Estate Market Update: Lowest Home Sales Drop In 6 Months

Chicago Real Estate Market Update: Lowest Home Sales Drop In 6 Months
Good news! Chicago home sales declined by 3.5% in April from the previous year. Why is that good news? Because that’s the smallest decline in 6 months for the Chicago real estate market. But it is the 6th month in a row that sales were down. The graph below shows Chicago’s historic monthly home sales... Read more »

Chicago Real Estate Market Update: Another 5 Year Low In Home Sales

Chicago Real Estate Market Update: Another 5 Year Low In Home Sales
Well, it looks like March was the 5th month in a row that the Chicago real estate market had declining home sales – down a whopping 11.6% from last March. In fact, that was the lowest home sales in 5 years and I should point out that that also means that 11 out of the... Read more »
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Chicago Real Estate Market Update: 5 Year Low In Home Sales

Chicago Real Estate Market Update: 5 Year Low In Home Sales
February was the 4th month in a row that the Chicago real estate market had lower home sales than the previous year. In fact, if not for October home sales being just a smidgen higher than 2017, February would have been the 7th month in a row of lower sales. The February decline was 4.6%... Read more »

No. The Chicago Real Estate Market Did Not Crater In January.

No. The Chicago Real Estate Market Did Not Crater In January.
If you will recall on February 7 I posted my monthly update for the Chicago real estate market. At that time I reported that home sales were down by 7.1% from last year and that the Illinois Association of Realtors would report a 9.1% decline. Well, it turns out the IAR actually reported a 19.4%... Read more »

Chicago Real Estate Market Update: January Home Sales Hit 4 Year Low

Chicago Real Estate Market Update: January Home Sales Hit 4 Year Low
It looks like January was another weak month for home sales in the Chicago real estate market – down 7.1% from last year. Check out the graph below for the historical perspective. All Januaries are flagged with red markers and the light blue line is a 12 month moving average. January came in lower than... Read more »
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Chicago Real Estate Market Update: December Home Sales Plunge

Chicago Real Estate Market Update: December Home Sales Plunge
One look at the graph below – all the red squares are December numbers – and it’s pretty obvious that the Chicago real estate market fell off a cliff in the last month of the year. Home sales were down 15.4% from last year, which is the biggest percentage drop in 7 1/2 years, resulting... Read more »

Chicago Real Estate Market Update: Home Sales Dip In November

Chicago Real Estate Market Update: Home Sales Dip In November
It looks like November was another slow month for the Chicago real estate market. Sales came in 6.8% below last year, which is the second largest drop in the last 8 months. Also, if you look at the graph below you’ll see that November sales were lower than 2 years ago. When the Illinois Association... Read more »

Chicago Real Estate Market Update: Home Sales Flat To Last Year

Chicago Real Estate Market Update: Home Sales Flat To Last Year
Well, the speculation among realtors continues that the Chicago real estate market is slowing down – especially after September’s 15% decline in home sales from last year. So I was particularly interested in the October results and on Monday I even looked at October listing cancellations to see if there was any hard data to... Read more »
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Chicago Real Estate Market Update: Lowest Home Sales In 6 Years

Chicago Real Estate Market Update: Lowest Home Sales In 6 Years
Well, months of low contract activity have finally caught up with the Chicago real estate market. We had been dodging this day of reckoning for a while by drawing down the backlog of pending home sales but that debt eventually had to be paid back and apparently September was the month for that. Home sales... Read more »