INFOSPARKS 2022 REAL ESTATE MARKET REPORT
Every year, InfoSparks, in collaboration with Midwest Real Estate Data (MRED), generates and publishes an annual market report on some important to know stats from the previous year. Analyzing trends locally and nationwide, they are able to provide the Chicago real estate world with an understanding of past trends as well as realistic expectations on what's to come.
2022 REAL ESTATE MARKET REPORT: HIGHLIGHT STATS
The inventory of homes for sale remained low, as home seller activity did not rise proportionally to meet this demand.
The number of homes available for sale in 2021 was lower than in 2020 by 33.6%.
On average, sellers received 98.5% of their original list price at sale, a 2.5% year-over-year increase.
Detached Single-Family home prices were up 14.7% compared to the previous year. Attached Single-Family home prices were up 11.6%.
These kinds of year-end reports are essential for understanding how market forces are shaping real estate activity at every level, from individual buyers and sellers to large-scale investors and developers. By tracking long-term shifts in pricing, inventory, and demand, industry professionals can better anticipate market cycles, identify growth opportunities, and adjust strategies accordingly. For homeowners, this data provides insight into property value trends, while investors can use it to pinpoint neighborhoods and property types with the strongest performance potential.
Read the big takeaways on this new data and more at the Pearson Realty Group blog!
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