Chicagoland Weekly Market Watch May 4 - 11, 2020

Closed Homes are down, but this makes sense for two reasons.  

1. The typical escrow period is 30-45 days, which would into late March early April

2. Most closings are scheduled for the middle or end of the month.


Homes that went under contract are up compared to last week, but down compared to 2019.


New listings are up from last week, but down compared to 2019.


Total number of homes for sale are up compared to last week.


Median price pulled back this week compared to last, but up compared to 2019.


To recap, the Chicagoland housing market remains strong.  We have less inventory than 2019 and prices are higher.