It is a Buyer’s Market in the Chicagoland area

According to the Chicago Business Journal, this could be the perfect time buy a new home in the Chicago area!

The S&P/Case-Shiller Home Price Indices, which tracks home prices in the 20 largest markets around the country, indicates that Chicago homes have risen only 2 percent in the past year, which is the smallest increase of all 20 markets. That compares with a national average hike of 5.3 percent.

From October to November, home prices fell 0.7 percent in Chicago, compared with a 0.1 percent gain in the entire country. From September to October, they fell another 0.8 percent, compared with another .01 percent gain in the rest of the country.

If you are in the market for a new home, please browse our listings to see if we have the right home for you.