I'm late! I'm late! For a very important market update!
What's shakin' Chicago? Your monthly market update is finally here! Every month I release a market update highlighting trends and statistics in the Chicago real estate market. These updates will cover the previous month of activity as it closed out. Take a look below to review the December 2016 Market Activity Update.
December brings many things, including holidays, festivities... and this year it seems to have also brought a lower market time than years past for property sales. According to MRED LLC, "The average Days On Market (DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for December was 48, up 9.1% from 44 days last month and down 14.3% from 56 days in December of last year. " -- Are we heading in to a buyer's market or will we remain in a seller's market?
As always - Feel free to reach out to me at any time to discuss the market conditions in more detail and find out if it's the right time for you to buy, sell, or invest.
I have been a writer most of my life, but it wasn't until college that I realized I could use this hobby of mine to tell stories and to educate people on different topics. I have published works in various newspapers, magazines, and websites, and continue to find ways to incorporate my passion for writing, sharing stories, and educating into my life and career.