Chicago Real Estate Market Update - June 2020
Posted by Andreas Holder on
Overview
The City of Chicago market snapshot represents the residential real estate activity within the 77 officially defined Chicago community areas as provided by the Chicago Association of REALTORS. All information reported by the Chicago Association of REALTORS.
- 2,041 properties were sold in Chicago in June 2020. This is a 28.4% decrease from June 2019
- The median sales price of all properties sold in Chicago in June was $327,500, a 2.7% increase from last year
- Listings stayed on the market an average of 83 days, a 22.1% increase from last June
State of the Market
- Many states, including Illinois, were working on reopening the economy in June. This started to strengthen the real estate activity. June…
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