The big question is the downtown condominium market coming off the bottom? Some think so and there is evidence to back up the claim. Who would have predicted?
The market for the month of March was the best for actual sales since a year ago. And interest is up as mortgage rates remain low. Consider these buyers gamblers or optimists, it does not matter, activity is up.
Some new construction continues to struggle, but resales in the Fulton Market, River North, Streeterville, Gold Coast, Lincoln Park and Lakeview are definitely moving quicker than pre-pandemic.
For those seeking a deal, now is the time as soon the market may be more balanced. Enjoy your day.