Data current as of January 30, 2023
Housing inventory is increasing across most of the country, as home sales continue to slow amid higher mortgage rates and elevated home prices. According to Realtor.com’s December Housing Report, inventory rose in 49 out of the 50 largest metros annually, with active listings up 54.7% compared to the same period in 2021. Time on market is also increasing nationally, with the typical home spending 67 days on market as of last measure, 11 more days compared to December 2021.
SINGLE-FAMILY DETACHED
For the week ending January 21:
New Listings decreased 19.0% to 248
Under Contract Sales decreased 31.6% to 158
Inventory increased 13.7% to 2,399
For the month of December:
Median Sales Price decreased 6.8% to $275,000
Market Time increased 24.5% to 66
Percent of Original List Price Received decreased 2.5% to 95.1%
Months Supply increased 27.3% to 2.8
SINGLE-FAMILY ATTACHED
For the week ending January 21:
New Listings decreased 22.5% to 450
Under Contract Sales decreased 36.1% to 274
Inventory decreased 23.0% to 3,154
For the month of December:
Median Sales Price decreased 12.6% to $300,000
Market Time decreased 13.8% to 81
Percent of Original List Price Received decreased 0.2% to 96.0%
Months Supply decreased 4.3% to 2.2
Current as of January 30, 2023. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2023 ShowingTime.