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 years. Analyzing trends locally and nationwide they are able to provide the Chicago real estate world 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%.
Read the big takeaways on this new data and more at the Pearson Realty Group blog!
