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Chicago Home Sales Continue Their Decline


Another bad month for home sales in Chicago.

According to Illinois realtors, May marked the 10th month in a row that home sales fell. Early reports assume that June will follow suit.

Meanwhile, median home prices made their biggest gains of the past several months.

In Chicago proper, 2,895 homes sold. That’s a drop of 5% from a year ago. In the nine-county metropolitan area, there were 12,129 sales in May, down 3.6% from May 2018.

Steady mortgage rates and the hope for lower ones in the future were not enough to spur home sale growth. The decline in sales should continue unabated.

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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