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Agents in Illinois grapple with the state’s housing inventory shortage

Housing Wire

Despite the population decline, Illinois’ housing market remains relatively strong. The state has an Altos Research Market Action Index score of 44, which is above the national score of 39. Altos considers anything above 30 to be indicative of a seller’s market. It’s depressing,” Laricy said of the downtown market.

Inventory 428
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WILL WAR IN UKRAINE IMPACT OUR HOUSING MARKET?

Will Springer Realtor

off their 2022 high of 3.92% (the highest level since May 2019). Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. In addition, average profit increased a whopping 45% in one year ($64,900) and 71% since 2019. with equity-rich property owners, according to ATTOM.

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TRACKING THE SINGLE HOUSEHOLD AND OTHER LIFESTYLE CHOICES

Will Springer Realtor

The figure is a 20% jump from 2019 and represents 43% of all city households, the sixth-highest total in the nation. At least 38 pieces of housing-related legislation were reviewed in January by House and Senate committee members, and we’re only halfway through this year’s session. of resold properties. >>

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How to Sell Your House Fast in Chicago with Targeted Updates and Spot-on Pricing

Chicagoland Appraisal Blog

“Generally, the higher the price point, the longer the time on the market.”. in 2019 over the previous year, perhaps an effect of high property taxes, falling population, and an excess of homes after the mid-2010s construction boom. Whether they realize it or not, buyers are swayed by their first impression of a property.