Upward Movement in the Chicagoland Housing Market

Kelly and I have never been so excited to have to clean our cars out to make room for clients.  We are happy to report that we have seen a nice swirl of activity in both the city and the western suburbs.  Clients are not only out looking but, they are snatching up the great deals that are out there.  From our experience the good foreclosures are selling in days and many times they are selling for more than the list price because of multiple bid situations.  This is a sign that the bottom of the market is stirring and this in turn will cause an upward ripple effect in the housing market.

 

The Chicago Tribune reported that March sales of previously owned single-family homes and condominiums in Illinois posted their second consecutive month-over-month gain, and for the first time since June, the statewide median price for a home rose from the prior month.  Suburban counties seeing among the largest month-over-month sales increases wee Lake County (65%), Kendall County (51%), and Cook County (38%).

 

 These recent statistics and our own experiences in this current market give us confidence that the housing market is headed in the right direction.  Don’t wait until the prices rise to buy your dream home or next investment.  Contact KJ Premier today at kjpremier@atproperties.com.