Well, we’re approaching the Super Bowl (go Cubs!) and the official start of the Spring market. And everyone’s been asking me about the status of Chicago’s residential real estate. Yes, everyone.
For the last few years, inventory remained low in certain segments of the market because owners who financed their homes did so with unbelievably low rates, and these owners had elected to stay put.
With low inventory, demand outweighs supply, creating a seller’s market (Duh).
The conventional wisdom in the real estate community was that 2026 would bring a more level playing field: rates are a bit lower; some sellers can’t further postpone a downsize or an upsize; and some adjustable rate mortgages are coming due, forcing owners to either refinance or sell.
Well, my friends, I have yet to see this turn of events. Inventory remains exceptionally low and buyers are scrambling, bidding, and hustling to make a deal for their next home.
And what does this mean for you? It could be an AMAZING opportunity if you own a home in one of the Chicago segments with low inventory.
So…. if you own a single family home outside of downtown, this is what you should do: call me ASAP! And if you own a condo with low assessments and parking, this is what you should do: call me ASAP! And if you own a condo with low assessments with no parking (even though they may be a teensy weensy bit harder to sell) this is what you should do: call me ASAP! And if you own anything on the North Shore, this is what you should do: call me ASAP! And if you own a 2-flat or a 3-flat or even a 6-flat, this is what you should do: call me ASAP! And if you own a vacant lot or a tear-down, this is what you should do: call me ASAP!
Our group will draw upon our expertise to package your home, strategically price and market it, and ultimately maximize your return - likely for far more than you thought possible.
Our operators are standing by waiting now.
Have a great weekend!
Best,
Brad
