Home sales in Chicago took another dive in June, marking the 12th month in a row for declines. While more than 2,700 Chicago homes sold this past June, that’s about 13.3-percent lower than a year ago.
Broadening it out to the nine-county metro area, around 12,000 homes sold in June. That’s down 11.6-percent when compared to June of last year.
Both figures represent a much higher drop than we’ve seen with home sales across the country. When looking nationwide, home sales fell a reported 2.2-percent in June over a year ago. Some experts suggest the drop could be linked to a current lack of confidence in the economy.
Home sales year-to-date are also down 7.7-percent in Chicago when compared to the first half of 2018. As for the larger metro area, home sales over the first half of this year were down about 6.8-percent over the first half of 2018.