It’s a new year, a new decade, and a new market for Chicagoland real estate. Here’s what you need to know.
The new year is here, and it’s time for your first real estate market update of 2020. The latest numbers are in and I’m excited to share them with you today.
Our market is steadily picking up in terms of activity, but let’s not confuse that increase with appreciating values. The fact is that home values in the Chicagoland market have been down for the past two years. If we crunch the numbers locally, we can see that the market is down by an average of 6% to 8%.
In some areas of the North Shore, we’re down almost 40% on some properties. In the lower price ranges, the gap isn’t as wide.
If you truly want to buy or sell in this market, you have to face the reality of where we are. It’s not the market where you can get the most money possible for your home sale, but it’s a market where you can get your home sold with the right strategy. There’s still a way to win.
If you want to hear more about our winning platform and what we can do to help get your home sold, don’t hesitate to reach out and give me a call or send me an email. I look forward to hearing from you soon.