Data current as of February 27, 2023
The number of homes available for sale continues to increase nationwide, with active listings up 65.5% compared to January 2022, according to Realtor.com’s most recent Monthly Housing Report. Buyers have 248,000 more homes to choose from compared to the same time last year, although the number of homes for sale is still 43.2% lower than it was in 2017 – 2019, prior to the pandemic. Nationally, homes are also spending more time on market compared to last year, giving prospective buyers greater opportunities to make their home purchase goals a reality.
SINGLE-FAMILY DETACHED
For the week ending February 18:
New Listings decreased 4.2% to 321
Under Contract Sales increased 2.8% to 221
Inventory increased 12.4% to 2,280
For the month of January:
Median Sales Price decreased 10.1% to $260,750
Market Time increased 21.3% to 74
Percent of Original List Price Received decreased 2.4% to 94.3%
Months Supply increased 38.1% to 2.9
SINGLE-FAMILY ATTACHED
For the week ending February 18:
New Listings decreased 39.5% to 519
Under Contract Sales decreased 38.5% to 294
Inventory decreased 26.6% to 3,012
For the month of January:
Median Sales Price decreased 0.4% to $332,500
Market Time decreased 14.8% to 92
Percent of Original List Price Received decreased 0.2% to 95.8%
Months Supply decreased 4.3% to 2.2
Current as of February 27, 2023. All data from Midwest Real Estate Data reflecting activity within the 77 officially defined Chicago community areas. Report © 2023 ShowingTime.