Chicagoland Asking Prices Remain Quite Strong in October

by Peter Thomas Ricci

Though prices have shown signs of a slowdown at 2014 draws to a close, they’ve remained in positive territory.

Though asking prices nationwide have shown some signs of a slowdown, they remained in confidently positive territory through October, according to Trulia’s latest Price Monitor – and our local marketplace was no exception.

Per Trulia’s analysis, asking prices in Chicagoland were up 9.5 percent year-over-year in October and 2.8 percent quarterly, while asking rents were up 5.9 percent. All three measures were consistent with other large metro areas, though Chicagoland’s quarterly increase was among the nation’s strongest.

We’ll take a closer look, later this week, at what’s going on in the nation’s rental markets, but for the time being, see our graph below for an idea on how our local price growth compares with other metro areas.

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