Posts tagged "Chicago monthly real estate market update"

Chicago Real Estate Market Update: Highest January Sales In 10 Years

Chicago Real Estate Market Update: Highest January Sales In 10 Years
Last month I pointed out that the Chicago real estate market keeps bouncing between multi-year lows and highs in home sales from one month to the next. It was the same story for January and since I used the yo-yo analogy last month I’m going with the roller coaster theme this month. January came in... Read more »

Chicago Real Estate Market Update: Lowest December Sales In 4 Years

Chicago Real Estate Market Update: Lowest December Sales In 4 Years
Chicago’s real estate market keeps jumping up and down like a yo-yo, with home sales hitting multi-year highs one month and then multi-year lows the next month. How any one month shakes out has a lot to do with the timing of when the sales close. If the time between contract and closing extends then... Read more »

Chicago Real Estate Market Update: Highest November Sales In 7 Years But...

Chicago Real Estate Market Update: Highest November Sales In 7 Years But...
This is getting ridiculous. My headline for last month’s update on the Chicago real estate market was Lowest October Sales In 5 Years and now look at this month’s headline. I think it’s pretty clear that home sales jump around quite a bit from month to month and, as I pointed out last month, you... Read more »
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Chicago Real Estate Market Update: Lowest October Sales In 5 Years

Chicago Real Estate Market Update: Lowest October Sales In 5 Years
The Chicago real estate market has been flashing plenty of signs of weakness lately and October just came in with the second worst reading in 21 months – at least according to one key metric. Closings were down 6.1% from last year. You can look at my monthly sales graph below which goes back to... Read more »

Chicago Real Estate Market Update: September Another Weak Month

Chicago Real Estate Market Update: September Another Weak Month
After a small gain in home sales in August the Chicago real estate market turned in a weak performance in September. Closings were down 0.9% from last year and also down from 2013. In the graph below I show monthly sales back to 1997 with all Septembers flagged in red and a 12 month moving... Read more »

Chicago Real Estate Market Update: Nice Recovery In August

Chicago Real Estate Market Update: Nice Recovery In August
Well, August wasn’t exactly a breakout month in home sales but the Chicago real estate market did recover nicely from its abysmal performance in July. August closings did exceed last year by 5.4% but in about 2 weeks the Illinois Association of Realtors will report it as only a 2.6% increase. In the graph below... Read more »
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Chicago Real Estate Market Update: Biggest Home Sale Drop In Almost 2 Years

Chicago Real Estate Market Update: Biggest Home Sale Drop In Almost 2 Years
The Chicago real estate market has had a great run over the last 19 months, hitting 10 year highs and occasionally scoring double digit year over year gains despite periodically declining by small amounts. However, that winning streak could be coming to an end if July sales are any indication of what is to come.... Read more »

Chicago Real Estate Market Update: Home Sales Hit 10 Year High

Chicago Real Estate Market Update: Home Sales Hit 10 Year High
The Chicago real estate market just went from hitting 9 year highs to hitting a 10 year high in June. That’s certainly a positive sign. After all, if you look at the graph below, which goes back 20 years, only the 3 highest bubble years saw more home sales. However, there is a lot of... Read more »

Chicago Real Estate Market Update: Another 9 Year High In Home Sales

Chicago Real Estate Market Update: Another 9 Year High In Home Sales
For the second month in a row the Chicago real estate market hit a 9 year high in home sales during May as you can see in the graph below, which goes back to 1997. On that graph all the May data points are flagged in red and I’ve also included a blue 12 month... Read more »
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Chicago Real Estate Market Update: Home Sales Jump To 9 Year High

Chicago Real Estate Market Update: Home Sales Jump To 9 Year High
After a weak March and several other months of languishing sales activity the Chicago real estate market came roaring back in April with the highest home sales in 9 years and the largest year over year gain in 9 months. Check out the graph below to see these numbers in their historic context. All the... 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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