New construction is the name of the game in Chicago (all photos Eric Rojas, Broker, Kale Realty) |
The story of spring 2022 in our MRED market? From January 1st to March 7th of the year:
🤔UNDER CONTRACT UNITS are DOWN
🤔NEW LISTINGS are DOWN
BUT
🧐OPEN HOUSES are UP
🧐SOLD PRICES are UP🔥
🧐NEW residential listings lag same time last year
Tight inventory and high prices have slowed sales a little bit from last year's record pace. However people are lining up for open houses and every transaction we are personally involved in is a MULTIPLE OFFER
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