An overview of the real estate market activity for single-family homes and condominiums & townhomes for the following neighborhoods: Lakeview, Gold Coast, Bucktown / Wicker Park, Lincoln Park, North Center, Old Town / Clybourn Corridor, River North, and West Loop / Fulton Market
The national real estate market has been making headlines again this week, but remember these 2 important factors:
1. real estate is local
2. there are markets within markets
Chicago’s market is strong, but there are always shifts within our market.
Money is still affordable, and there is demand. Some buyers have fatigue from this market while others sat out for a bit, but inventory is still low.
If your goal is to sell, it’s incredibly important to price at the market and to correct if the market isn’t responding with activity.
If your goal is to buy, be prepared by getting your finances and loan in order so you can put your best foot forward.
Trends are helpful to understand the pace and direction of the market, but if you want to know what homes like yours or your neighbors sold for, I’m here to help!
Here’s the 2Q2021 Market Update for the Near North & West sides, by neighborhood.