One of the biggest trends to emerge from the COVID-19 pandemic is the focus on housing. As people seek more space and look to take advantage of low interest rates, the local real estate market has seen a strong recovery.
In fact, the number of homes that have gone under contract in the Chicagoland area since COVID-19 hit in the middle of March is up 8.6% compared to the mid-March through mid-September period last year. Meanwhile, @properties is outperforming the market, with new contracts up 20.3% during this timeframe.
New listings are another important performance metric. And while they are down market-wide since the start of the pandemic, @properties’ new listings are up over 5% year over year.
As the region’s largest and most dynamic marketplace for homebuyers and sellers, @properties puts you in the best position to achieve your real estate goals. To learn more, and for insights on market conditions in your area, contact an agent.