Realty Times - Chicago, Illinois Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Illinois > Chicago
Bronzeville - Bucktown - Chicago North Suburbs - Dunning - Gold Coast - Hamlin Park - Lincoln Square - Near South Side - North Center - Northshore - Northwest Chicago - Portage Park - Uptown - West Chicago - West Loop - West Town

Market Conditions Summary for Chicago, Illinois

Reported by

Valdy Biernacki
as of 1/2/2009:

The market continues to slow down. Although this would be perfect timing for buyers to get good deals on homes since prices are dropping, many people are not taking advantage especially because it is now much harder to qualify for a mortgage and of... MORE->

Reported by

Dennis Toomey
as of 12/31/2008:

The inventory of homes has continued to increase which has been putting pressure on home prices. Rates are at a low and the banks are tighting their mortgage qualifications. This is a great time for buyers with more inventory to choose... MORE->
About Dennis Toomey

Reported by

Beki Darin
as of 12/20/2008:

FORTUNATELY, WE MADE IT THROUGH '08 WITHOUT A FORECLOSURE SIGN PLASTERED ON THE WHITE HOUSE FENCE! THERE IS STILL THE RELUCTANT BUYER THAT STILL FEELS THE BOTTOM HAS YET TO DROP FROM PRICES.MY FEELING IS THE FREE FALL HAS COME TO A HALT WITH A... MORE->
About Beki Darin

Reported by

Chris A. Ford
as of 10/6/2008:

There has been a noticeable slow down in sales of both the single family and condo market. Properties that show very well and are priced correctly are moving. But if you don't get an offer in the first 30-45 days, properties are sitting and market... MORE->
About Chris A. Ford

Reported by

Carol Best - Luxury Market Certified
as of 9/26/2008:

Chicago's real estate market remains the strongest in the Northern Illinois area. The properties in great locations are always HOT, HOT, HOT! Call or text me @ 773-799-5939 or email me @ Info@CarolBest.net when you are ready to buy or... MORE->
About Carol Best - Luxury Market Certified

Reported by

Sandy Adler
as of 8/5/2008:

The supply in inventory continues to drive up the days on market. Additionally, the tight credit market restricts the number of buyers currently in the market. Well-qualified buyers have a great selection of... MORE->
About Sandy Adler

Average Current Market Rating: 1.8 (6 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2.2 (6 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Illinois > Chicago
Bronzeville - Bucktown - Chicago North Suburbs - Dunning - Gold Coast - Hamlin Park - Lincoln Square - Near South Side - North Center - Northshore - Northwest Chicago - Portage Park - Uptown - West Chicago - West Loop - West Town

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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