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 1/31/2012:

The inventory of homes has many Short Sales and Foreclosures, which has been putting pressure on home prices. Detached property levels have declined. The condo market continues in general to display a slower recovery with financing issues creating a... MORE->
About Dennis Toomey

Reported by
Lala Green
as of 4/11/2011:

While the real estate market has a hangover yet from all the short sales and foreclosures, the demand is on an upswing. Of course it will be some time before we see the real estate prices before the 'bubble,' but I predict that we are starting to... MORE->

Reported by
Sheryl Carter
as of 12/13/2010:

REO & short sale properties are currently in... MORE->

Reported by
Mukaram Khan
as of 3/21/2010:

Prices are down and there are lots of short sale properties. Banks are getting very difficult to work with. Loan modifications as well as short sales are a 4-6 month... MORE->

Reported by
Santiago Sanchez
as of 1/24/2010:

This is a European Market , Euro is high and dollar is low . The real estate market in chicago is still going... MORE->

Average Current Market Rating: 1.4 (5 ratings)

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

Average Current Price Trend: 1.4 (5 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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Mortgage Rates
30 Year Fixed: 3.87%
15 Year Fixed: 3.24%
1 Year Adj: 2.74%
(U.S. Weekly Averages)

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