January 2025 Chicago Market Update
Khadija Laurens
Associate Real Estate Broker for Exit Strategy Realty Chicago / International Market - Relocation - Sale/ Purchase/ Invest - Multicultural
As we step into January 2025, Chicago's real estate landscape presents a dynamic environment filled with both challenges and opportunities. Whether you're considering buying, selling, or investing, staying informed is key to making strategic decisions. Here's the latest:
?? Market Trends The National Association of Realtors forecasts a 9% increase in home sales nationwide for 2025, with Chicago expected to contribute to this growth. Source: Chicago Agent Magazine
?? Home Prices While some luxury markets have faced declines, the overall Chicago market is showing signs of stability. The CoreLogic HPI Forecast predicts a 3.8% year-over-year increase in home prices nationally from November 2024 to November 2025. Source: CoreLogic?
??? Inventory Levels Inventory shortages have been a challenge, but there's optimism for increased availability. Experts suggest that Chicago may see more homes on the market in 2025, providing buyers with additional options. Source: IRPINO Real Estate
Navigating Chicago's real estate market requires adaptability and informed decision-making. Let's work together to turn these market dynamics into opportunities that align with your real estate goals. Send me a DM and let's get started on you real estate goals for 2025!
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