If you're thinking of selling or buying real estate in the Chicagoland area, you have probably heard about the very low inventory of available properties to buy. At the moment inventory levels have plunged to new multi-year lows in many areas. There is very little competition for sellers, and there are lots of buyers just waiting for homes to come on the market.
In most Chicago communities inventories are down from 10-30% from this time last year . . . and inventories were low last year at this time.