Chicago’s Newest Real Estate Data Was Delivered by Happy, Dancing Elves
Graphic: Courtesy of MRED LLC
The most precise local housing market data for the first half of the year arrived Tuesday, and it’s full of good news. Foreclosures and short sales are taking up less room in the market, the gaps between what sellers think they can get for their homes and what they can actually get is narrowing, prices are up, birds are singing, and rainbows are shining.
The report, produced by Midwest Real Estate Data LLC, shows that in the first six months of the year, the Chicago-area real estate market’s recovery finally kicked in for real—even if it came many months behind the recovery in several other big cities.