Chicagoland Housing Report - June 2019

By
Real Estate Agent with RE/MAX Suburban

RE/MAX released its June 2019 Housing Report for Chicagoland and while overall indicators show slower sales and moderately increasing prices, the view depends a great deal on which county you’re selling in.

Chicagoland home sales took an 11.1 percent dive over last year and were down 1.6 percent over last month. Median sales prices were up a modest 0.2 percent and days on the market went up by one over last year but were down three days over last month. In terms of inventory, Chicagoland has been slowly moving toward a healthier supply.

Last year around this time, the market had around 2.9 month’s supply on offer, and this year we have 4.3 months, which is about 72 percent of the six months that is considered balanced. June was a monumental month in terms of this figure, up from just 3.5 month’s supply in May.

 

lyn sims remax suburban

Posted by

 

lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Illinois

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
539,611
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update Lyn, all the best to you as you get many of these properties listed and sold.

 

Jul 24, 2019 03:31 PM #1
Rainmaker
3,448,600
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Lyn. Chicago is a funny market with huge variances by neighborhood not to mention suburb to suburb. Quality of inventory is also an issue. Enjoy your day 

Jul 25, 2019 05:31 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,581,173

Lyn Sims

Schaumburg IL Real Estate
Need help with Schaumburg Area Real Estate?
*
*
*
*
Spam prevention

Additional Information