Open Houses Surge, Median Prices Record Small Uptick

Here’s some data on the Chicagoland Housing Market as of 2 June 2020 

 

There was a one-percent uptick in median housing prices in the final week of May, adding to a mostly positive price trend that has remained evident throughout 2020

Residential Pricing
Residential Pricing

Open houses more than doubled in the final week of May as state restrictions began to ease, going from 658 the week of May 18 to 1419 the week of May 25.

Open Houses
Open Houses

There are 3,335 more properties actively listed in the last week of May than at the beginning of May

New Listings
New Listings
Closed Listings
Closed Listings

While home sales were down 77.5% from the previous year’s levels for May, homes under contract were only 9.6% off of previous year numbers.

Under Contract
Under Contract

Showings are back to 2019 levels. The methods are different but they are showings none the less

Real Estate Showings
Real Estate Showings
Rented Listings
Rented Listings
Residential Rental Pricing
Residential Rental Pricing