Chicago Again Crowned #1 Buyer's Market

The headlines are announcing once again that Chicago is Number 1 Buyer's market in the country.  Information is sourced from the web site Zillow. Of course, this means that Chicago is not favorable to sellers right now. In fact, Chicago home prices have recently declined whereas the rest of the country is experiencing price increases.

Our own experience here at iMove Chicago has been that the inventory placed for sale is meager due to many owners witholding properties from the market and choosing instead to offer them for rent. Many are just unwilling to accept the haircut on price. Our company's inventory of high end condos and single family homes has exploded recently.