Market Snapshot - City of Chicago
The City of Chicago Market Snapshot represents the residential real estate activity in the 77 officially defined Chicago community areas as provided by the Chicago Association of Realtors.
- In November 2019, there were 1,660 residential properties sold in Chicago. This was a 10.3% decrease from November 2018.
- The median sales price of all these properties sold was $270,000, an increase of 3.1% of the same time the previous year
- Average days on the market from listing to contract was 80 days, the same as in November 2018
State of the Market
- In November, the Federal Reserve Bank reduced its benchmark rates for the third time in 2019. This action came as no surprise. Mortgage rates