We hear this question all the time, and we’re sure you do too. We thought you might like to know how we look at our current market conditions. The extreme winter weather adversely affected sales, and we are seeing increased activity now as a result of pent-up demand. Closed and pending sales increased in most segments of the market. Agents’ biggest complaint in most markets continues to be too little inventory of homes on the market.
After area-wide price increases of 11% in 2013 vs. 2012 prices, we are seeing continued increases this year. In the city of Chicago, the median price rose a whopping 26% in March. Our average sales price across the company rose from $428,469 in the first quarter of 2013 compared to $472,909 in the same time period in 2014, an increase of 10.4%. To read more How's the Market?, click here.
The KoenigRubloff Report, an Invaluable Real Estate Market Tool!
As the housing market recovers, it’s essential to keep up with pricing and sales trends in your neighborhood. As your broker, it’s my job to help educate you on this changing market and how that impacts you. Our KoenigRubloff Report provides timely information including market statistics and a longer-term perspective to help you analyze trends. Contact me to get your weekly reports delivered via email. Sign up here or contact me today.
Good to Know
Condominium Inventory Low
If you’re looking for a condominium in Chicago, you might have to wait! Inventory is low, demand is on the rise and developers are planning for the future. To read more, please check out this story from Crain's Chicago Business.
Spring Decorating Trends
New interior designer trends are popping up this spring and as many people seek to re-invent the look of their residence or a particular room this season, various color schemes are popular ways to liven up a space. Pantone’s Color Of The Year for 2014 is orchid, a rich purple with pink undertones. HGTV offers great ideas to refresh your home's interior.
Home Search Essentials
Community Profiles
Get to know the many unique communities throughout the Chicago area, Southeastern Wisconsin and Harbor Country Michigan.
