In the video above, we looked at some data indicating that the nation as a whole is going to see a strong fall season. Real estate trends can differ quite a bit on the local level.
Existing home sales have seen an increase throughout the summer, but if we look at downtown Chicago we can see that it, overall, has been more conservative.
The following charts show month-to-month points of closed sales for condos and for single family homes in the neighborhoods of the Loop, Near North Side, South Loop, and West Loop.
The number of homes going under contract in downtown Chicago has also been fairly stable. We are seeing a strong year overall, and fall is looking to be a good season. However, with a couple peaks, but no major dips, it is clear that our high season is tapering to a close.
The following charts show month-to-month points of condos and for single family homes that are under contract in the neighborhoods of the Loop, Near North Side, South Loop, and West Loop.