Chicago Real Estate
things to consider before buying or selling
Normally, December is a ho-hum month for Chicago home sales—and that could well be the case again. Across the nation, 2018’s leadup has performed pretty much as expected. Home sales slowed as the number of home listings stayed in short supply and mortgage interest rates crept upward. So it would surprise no one if Chicago home sales followed the national trend.
But instead of a sleepy year-end market, a year-end surprise might be possible. That’s the studied opinion of CNBC’s respected real estate commentator, Diana Olick. December is “usually the slowest month for home sales,” she writes; “but that might not be the case this year.”
Last week’s pronouncement came on the heels of a dynamic stock market swoon but had little to do with that or other financial jitters. She pointed to three unique dynamics that make this December “one of the better times” to both buy and sell:
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