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.