Found 1 blog entry tagged as Chicago Luxury Real Estate Market update.

Chicago luxury condos helping drive local real estate market Chicago condos for sale are a hot commodity, and for those who are looking at luxury units will have a lot to benefit from in the coming year. According to a recent study by ZipRealty, Chicago is ranked in the top 10 metro areas expected to have an uptick in home-selling activity. Homes in the Chicago market sold at a much higher rate in 2013 than they did in 2012 and it’s anticipated that the trend will continue.

The luxury real estate market, in particular, is expected to have a great year. With the stock market posting high closings during the later half of 2013, some market experts are sure that the upcoming year will show elevated levels of luxury home and condo buying.

In Chicago, demand for real estate is up and the inventory of properties…

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