Found 4 blog entries tagged as Chicago real estate market.

Chicago Real Estate Market

As we look at how the Chicago real estate market is faring through the 2nd Quarter of 2015, there’s lots of positive things to be excited about as we approach the halfway point for the year. In the 9 county Chicagoland area, the median price back in March was $204,000—up roughly 16.6% from $1750,000 in March 2014. Furthermore, in just Chicago, the median home price in March was set at $263,079—up nearly 12% from $235,000 in March 2014.

Luxury home sales are also on the rise around Chicago, which are classified as homes sold for $1 million or more. According to some statistics, 18% more luxury units were sold in Chicago over the 2nd Quarter this year from 2014, while increases all over the Chicagoland area were recorded as well.

Historically low interest…

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The Chicago condo market continues to heat up, and with the busy spring and summer season on the horizon, those looking to sell their Chicago condos should consider the following:

First, the demand is there. While the Chicago real estate market posted some fairly impressive figures in the cold-weather months despite a particularly harsh, long winter, pent-up demand is expected to further propel activity into the spring and summer.

States the Keeping Current Matters blog: “Most people realize that the housing market is hottest from April through June. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. These buyers are ready, willing and able to buy…and are in the…

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Chicago condo sales impact on local real estate Chicago condos for sale continue to benefit from the surging local real estate market. 

Recent data analysis from RE/MAX shows that Chicagoland real estate sales actually rose in December, a month that is typically a down season for housing market activity throughout much of the country, especially in cold weather states like Illinois.

“During the final month of 2013, home sales in the seven-county metro Chicago real estate market totaled 8,053 units, 9 percent more than during the same month last year, while the median sales price was $178,000, an impressive 17 percent higher than in December 2012,” reports RE/MAX.

Taking a more focused look at the data, Cook County saw home sales activity climb 10 percent on a year-over-year basis, to 4,667…

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Chicago real estate newsIf you have been considering purchasing a Chicago condo or home, experts say now is the time! After years of declining prices in the Chicago area, home values are finally headed back up again. Zillow chief economist Stan Humphries adds, “We think Chicago has hit bottom.”

For buyers who have been toying with the idea of purchasing a Chicago condo or home, the message is clear: now is the best time to buy before prices climb past something you’re comfortable with spending. This goes for first-time buyers, those looking to trade up to a larger home, and buyers who have been considering purchasing a second home.

In late 2012, Zillow said Chicago was the best market for home buyers among the 142 metros they surveyed. They based their decision on the number…

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