Inventory in Chicago Starts 2014 on Wrong Foot, Drops 10.5%

by Peter Thomas Ricci

Chicago’s housing inventory blues have not improved much with the New Year.


Chicagoland’s housing market has distinguished itself from other national markets in several ways the past few months; unfortunately, the area’s rapidly declining housing inventory has been one such way.

Though Chicagoland’s inventory in January remained the largest among all metro areas – for instance, it’s 7,209 properties is nearly 19 times that of San Francisco’s paltry 380 – that’s still down 10.5 percent from Jan. 2013, and that comes after the double-digits declines of 2013.

How does Chicago compare with other metro areas? See our graph below, which collected the latest data from Movoto’s State of the Market report:

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