The Chicago Housing Market Had Few Homes for Sale and Even Fewer Sales in July
A lack of sales was the big news in July, with the city seeing a precipitous 23.7 percent drop in homes sold.
Alex provides journalists with the information they need for their stories. Prior to joining Redfin, he was a freelance writer who wrote extensively on the ins and outs of condo purchasing. He also covered luxury goods, with a minor in book reviews. He lives in Chicago and is lucky enough to be able to walk to work.
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A lack of sales was the big news in July, with the city seeing a precipitous 23.7 percent drop in homes sold.
Chicago home prices increased 3.6 percent in June, as compared to last year, with a typical home selling for $285,000.
Chicago home prices rose 4.4 percent in May from a year earlier, with the typical home selling for $281,000.

More than 60 percent of homes listed this year in Denver, Seattle and Portland were forecast to sell within 14 days.

A Redfin survey finds that high prices, bidding wars, and an expensive rental market are top-of-mind for homebuyers this spring.

Cities that have higher home prices tend to have longer commute times. How does your city stack up?
A lack of sales was the big news in July, with the city seeing a precipitous 23.7 percent drop in homes sold.
Chicago home prices increased 3.6 percent in June, as compared to last year, with a typical home selling for $285,000.
Chicago home prices rose 4.4 percent in May from a year earlier, with the typical home selling for $281,000.

More than 60 percent of homes listed this year in Denver, Seattle and Portland were forecast to sell within 14 days.

A Redfin survey finds that high prices, bidding wars, and an expensive rental market are top-of-mind for homebuyers this spring.

Cities that have higher home prices tend to have longer commute times. How does your city stack up?