Posts tagged "Chicago real estate market"

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 »

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 »
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Chicago Real Estate Market Ekes Out Double Digit Sales Growth In December

Chicago Real Estate Market Ekes Out Double Digit Sales Growth In December
When the Illinois Association of Realtors reports on December home sales in about 2 weeks they are going to be talking about how great it was that home sales were up around 12.0%. And in reality growth was actually up 14.7% when you compare the December snapshots taken at the same point in time during... Read more »

October Home Sales Show Slowing Growth In Chicago Real Estate Market

October Home Sales Show Slowing Growth In Chicago Real Estate Market
We knew the meteoric growth in Chicago home sales couldn’t last forever and we’ve been seeing signs of slowing in the contracts written so it should come as no surprise to readers of this blog that October came in at the weakest growth in 20 months. But home sales were still up 10.8% over last... Read more »

Lots Of Buyers, Not Lack Of Sellers, Driving Low Home Inventory

Lots Of Buyers, Not Lack Of Sellers, Driving Low Home Inventory
When people in Chicago think about the recent lack of home inventory they immediately are assuming that it’s a result of a shortage of sellers. That has been true over the long run – the last 6 years in fact – as a result of sellers being unable to sell because they are so ridiculously... Read more »
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Yes, The Chicago Real Estate Market Is Hot

Yes, The Chicago Real Estate Market Is Hot
Back in February I did a blog post on just how hot the Chicago real estate market was. At that time I looked at properties above $150,000 in a specific geographical area of the city that is extremely popular with high income demographics. With the Chicago April home sales numbers coming in so strong and... Read more »

Chicago Real Estate Market Update: April Home Sales Soar Yet Again

Chicago Real Estate Market Update: April Home Sales Soar Yet Again
The Chicago real estate market continued to demonstrate it’s incredible strength in April with home sales up 32.5% over the previous April. That’s on top of last April’s 19.4% increase and it’s the 22nd month in a row of year over year home sale increases, confirming yet again that the Chicago real estate market is... Read more »

What Google Search Trends Tell Us About The Chicago Real Estate Market

What Google Search Trends Tell Us About The Chicago Real Estate Market
I started out reading this research report that was created by Google in conjunction with the National Association of Realtors about online real estate search behavior on Google. Instead of learning something interesting I quickly realized that I was reading a marketing piece about why realtors should buy lots of advertising on Google. So I... Read more »
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Improving Employment Should Drive Chicago Housing Market Higher

Improving Employment Should Drive Chicago Housing Market Higher
When I finally got around to updating my Chicago area real estate statistics page with the most recent labor data the other day I was struck by the fact that there has been a general upward drift in the employment numbers for the Chicago metro area over the last couple of years. It’s easy to... 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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