Realty Times - Chicago, Illinois Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Illinois > Chicago
Bronzeville - Bucktown - Chicago North Suburbs - Dunning - Gold Coast - Hamlin Park - Lincoln Square - Near South Side - North Center - Northshore - Northwest Chicago - Portage Park - Uptown - West Chicago - West Loop - West Town

Market Conditions Summary for Chicago, Illinois

Reported by

Dennis Toomey
as of 7/1/2009:

The inventory of homes has continued to increase which has been putting pressure on home prices. Rates are at a low and the banks are tighting their mortgage qualifications. This is a great time for buyers with more inventory to choose from. $8,000... MORE->
About Dennis Toomey

Reported by

Beki Darin
as of 5/19/2009:

Chicagoland agents truly want to sell their listings! They are great listings! We do have the buyers! We have qualified buyers! Here's the rub......new construction condo or townhome? Forget about it if it isn't 50-70% under contract or sold.... MORE->
About Beki Darin

Reported by

as of 4/1/2009:

It is definately the time for first time home buyers. With the stimulus incentive money, buyers can receive a tax credit for up to... MORE->
About

Reported by

Sandy Adler
as of 3/25/2009:

Good news for the real estate market is sprouting. Interest rates are at near historic lows, there's a tax credit for first time homebuyers and lots of inventory from which to choose your home. The downtown Chicago market offers buyers the... MORE->
About Sandy Adler

Reported by

Chris Dreier
as of 3/10/2009:

This year has started out with some postive news, buyer activity is up and interest rates are very attractive. Over the past 2 years, prices have come down dramatically which means good investment opportunities are becoming more common. The savvy... MORE->
About Chris Dreier

Reported by

Team Sears
as of 1/22/2009:

2008 was certainly one of those years that many people would like to forget. Who can say for certain what the New Year will bring but we look forward to it with excitement. Our experience shows that buyers and sellers seem to better understand the... MORE->

Reported by

Lorne Frank
as of 1/15/2009:

The spring market is upon us, and it looks to remain a challenging period in real estate for most of 2009. Despite what you see in the news, well priced properties ARE selling, though market time has increased across the board. My advise to sellers:... MORE->
About Lorne Frank

Average Current Market Rating: 1.4 (7 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2.1 (7 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Illinois > Chicago
Bronzeville - Bucktown - Chicago North Suburbs - Dunning - Gold Coast - Hamlin Park - Lincoln Square - Near South Side - North Center - Northshore - Northwest Chicago - Portage Park - Uptown - West Chicago - West Loop - West Town

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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