Are you in the Chicago real estate market for buying a house of your own? You are in luck! Chicago Realtors are considered one of the best in the country. There are close to 12,300 active real estate agents in city and its surroundings! Finding the right home has never been an issue for Chicago residents and those who are moving into the city for the first time. With the abundance of quality real estate agents, home buying and selling experience becomes a walk in the park.
However, choosing the right realtor can be tricky with a number of qualified people around. You can get the best deal if you are smart enough and for that you need to understand the stats associated with these agents based on sales. Here is the list of the top agents in the locality based on sales volume.
These top sales agents operate as a team or a firm and on average have around 13 closes per year among them while an average real estate agent in Chicago has 5 closes per year.
The total number of 12,297 real estate agents in Illinois’ realty hotspot of Chicago closed 27,666 residential deals in the region! Houses that range from as less as $10,000 to luxurious mansions costs 13 million and more have been moved by the very best in the business in the last calendar year.
Prices
The average price of a home in Chicago is higher than the national average but that is because of the umpteen number of high profile neighborhood in the city. Places like Wicker Park, Lincoln Park were made popular by Hollywood movies and sell for more than 1 million and Gold Coast even for more! Finding a good home in such neighborhoods require a real estate agent with good contacts.
Residential agents who suit your need will also be able to find you the right home in your budget and help by giving you a number of options to choose from. With Chicago’s declining population over the years, there are a number of places open for immediate accommodation and this had led to an unprecedented growth of real estate in the locality.
While the city’s population is on the decline, the property prices are on a steady incline and well above the nation’s median house rates. The last two years alone has seen a rise in the median price of over $20,000 which is way above the inflation rates or the property rate hike across the country. This is a healthy trend though as buyers would be encouraged to invest their money in a market that is always on the positive side of things.
With over 2.7 million residents, Chicago is the 3rd largest settlement in the US and the housing market is the strongest in the country to support its large population. Chicago is currently a seller’s market – my advice would be to find a good real estate agent and make sure that you make the most of these high prices.
If you are planning to buy in this market right now, then make sure you get the best deal and hold it for a little longer to make sure that you see profits.
