• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Albert Realty Advisors

Albert Realty Advisors

Commercial & Residential Real Estate Services

  • Properties
    • Featured Listings
    • Search Listings
    • Listing Account
  • Commercial
    • Buyer Representation
    • Seller Representation
    • Tenant Representation
    • Landlord Representation
    • Request Property Valuation
  • Residential
    • Buying
    • Selling
    • Request Home Valuation
    • The Ultimate Guide for Buyers
    • The Ultimate Guide for Sellers
  • Blog
  • About Us
    • Damian Albert
    • Reviews
  • Contact Us

312.879.9887
[email protected]

Chicago Housing Market Update: March 2020

April 23, 2020 by albert_sit3nn

The City of Chicago Market Snapshot represents the residential real estate activity within the 77 officially defined Chicago community areas as provided by the Chicago Association of REALTORS®.

While the effect of COVID-19 is varied throughout the region, we are likely to see impacts on housing activity now and into the coming months. Its continued spread is leading many companies and consumers to change their daily activities. 

March 2020 indicators have been published by the Chicago Association of REALTORS®. The results are mixed in that while New Listings and Inventory is down, Median Sales Price continued to increase. April 2020 will be the first full month to reflect the impact of COVID-19. 

Key Indicators:

  • New Listings are down 22% from March 2019.
  • 2,097 properties sold in March 2020, a 1.7% increase from March 2019.
  • Median Sales Price is $320,000, an increase of 10.1% from March 2019.
  • Inventory is down 12.7%, from 8,840 properties in March 2019 to 7,1717 properties in March 2020.

ShowingTime is closely monitoring the situation and releasing daily updates on changes in showing activity. See national and state showing activity trends at https://www.showingtime.com/impact-of-coronavirus/.

For guidance on how changing market trends impacts your prospective property sale or purchase, contact Damian Albert at 312.342.8422 and [email protected]

Uncategorized

Join our mailing list to receive our listings, market updates, newsletters, and more!
Mailing List Sign Up

Footer

Company Information


Albert Realty Advisors, LLC
1136 S. Delano Ct, Suite B201
Chicago, IL 60605

Listing Account Access

Login to your Listing Account to save property searches and setup automatic listing alerts.

Access Listing Account

Mailing List

Sign up to our mailing list to receive listings, market updates, business updates and much more!

Join Mailing List

Contact Us

312.879.9887
[email protected]
  • Facebook
  • Instagram
  • LinkedIn

© Albert Realty Advisors, LLC. All Rights Reserved. All information provided deemed reliable but not guaranteed.