Inventories Driving The Market In Opposite Directions

Home sales dropped in October 2016 vs 2015 in Lincoln Park, the Near North Side, Lakeview and North Center for the 5th consecutive month. Inventory levels are having a major impact on the market. When comparing by price point, inventory levels are going in opposite directions for luxury homes (priced over $1,000,000) and homes priced…

5 “Take Aways” From Our October 2016 Real Estate Market Update

The Market continued to soften in September 2016 vs 2015 in Lincoln Park, the Near North Side, Lakeview and North Center. While some of this is seasonal, there are some interesting trends emerging. (see charts below) Here are 5 “take aways” from our October market update.  1. Sales continue to drop against last year September…

3 Signs of a Struggling Luxury Market – From Our September 2016 Real Estate Summary of Lincoln Park, Lakeview, North Center and The Near North Side

While home sales dropped 3.0% in August 2016 vs 2015 in Lincoln Park, the Near North Side, Lakeview and North Center, it was an improvement from the 21.9% drop in July.  As we head into the Fall 2016 real estate market we continue to see the overall market soften a bit; however, the luxury market…

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