Housing Inventory in Chicago Finally Reverses Course

by Peter Thomas Ricci

It’s been quite the quest, wading through the market’s low inventory, but could the market finally be changing course?

“Low inventory” has, arguably, been the most persistent meme in the housing recovery; indeed, it’s rare to come across a single press releases from either NAR or the NAHB that does not blame the market’s low inventory of existing homes as the primary culprit for 2014’s sluggish sales numbers.

Courtesy of NAR, we now have some of the most encouraging inventory stats in sometime, stats that would seem to suggest a brighter future for inventory.

How does our fair city shape up on the inventory spectrum? Take a look at our graphs below to find out:

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