0
0
0

Did Chicago’s Housing Inventory Increase or Decrease in September?

by Peter Thomas Ricci

We’ve been seeing reports that housing inventory is beginning to stabilize; is that true here in Chicago, though?

housing-inventory-september-chicago-miami-houston-housing-recovery

Up, or down? That’s always the question when it comes to housing inventory, and with new realtor.com data in tow, we’re back with our monthly check-up on what happened with inventory in our market.

Brian Guzman, an agent with Coldwell Banker in Lakeview, said that though supply remains low in his North Side markets, he is seeing greater confidence in consumers, which could translate into more inventory down the road.

“I would have to say owners are feeling more confident, and as the market improves, more will be freed from their underwater mortgage,” Guzman said. “So yes, I see a slight, but not substantial, increase in inventory volume [in 2014].”

See our sweet graph below to see how Chicago compares with other metro areas.

Read More Related to This Post

Join the conversation

[gravityform id="3" title="true" description="false" ajax="true"]