Posts Tagged: Chicago housing market

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Chicago Area Home Sales Up 33% In December

After an incredibly strong November, Chicago area home sales were up 33% in December over 2008. That represents the 6th month in a row of year over year home sales increases in the Chicago area. The fact that this is happening after 3 years of year over year declines is nothing short of miraculous. Of… Read more

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Chicago Condo Inventory And Market Times Continue To Improve

We recently updated our Chicago condo (2 and 3 bedroom units) market data through December 2009. Consistent with all the other positive indicators for the Chicago real estate market, we are once again seeing lower inventory numbers and market times. Months of condo inventory in December was less than half of what it was in… Read more

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Surprising Chicago Home Buying Activity In December

With the original home buyer tax credit scheduled to expire at the end of November I fully expected December to really be a slow month in Chicago. My assumption was that a significant amount of housing demand had been pulled forward, not leaving much for subsequent months. However, when I recently checked new real estate… Read more

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Chicago Area Home Prices Up 5 Months In A Row

The Case Shiller Home Price Index came out today for the Chicago area and it shows that for the 5th month in a row home prices have risen. We are now up 8% from the trough in April. As you can see in the graph below we undershot the trendline and now appear to be… Read more

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Chicago Area Home Sales Skyrocket

It’s that time of the month when all sorts of real estate statistics come out. Today the Illinois Association Of Realtors reported that home sales for the Chicago area rose by more than 33% over last year. In order to get an idea of how huge this really is check out the red line on… Read more