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Although we have been dealing with a bitterly cold winter, the housing market has proved to be strong enough to rise above the cold conditions. So far, 2014 has seen an increase in inventory and sustained growth in home prices (Realtor.com). Another encouraging fact is that the number of properties on the market has increased by 3.1% (Realtor.com). According to analysts, the Chicago area market is expected to see a strong spring season (Realtor.com).
Key points stated in this article pertaining to the nation as a whole include:
- Price increases for inventory will be seen
- Inventory will be growing
- Time on the market is leveling off
The Dawn Dause team is looking forward to spring and to assisting our clients in navigating this exciting housing market!