How has the real estate market in Chicago changed over the past ten years?
Some statistics have changed dramatically, but surprisingly, some factors are very close to where they were 10 years ago.
The most dramatic change in the market has been the inventory of homes for sale. In January of 2008 there were over 15,000 single-family attached homes and over 8,000 single-family detached homes for sale in Chicago. In September 2018 homes for sale hovered at around 6,000 and 4,000, respectively, a downward trend that has become the 'new normal' since 2009.