Real estate markets are considered to be “normal” when there is 6 months worth of inventory. This is a number that most of the Chicagoland area hasn’t seen since May/June of 2006. With inventory numbers peaking last October-December at levels around 24 months for most areas.
Posts from June 2008
Inventory levels, what they mean
» 18 June 2008 // No Comments // Market Updates
Impact of Gas Prices on the Chicagoland Real Estate Market
Who would have ever thought $4 per gallon of gas would be a thing of the past. We have been over $4 a gallon for regular gas long enough that most people have come to accept that it is more likely to become $5 per gallon before we see $4 again in Chicago. Even using [...]
» 9 June 2008 // No Comments // Current News
