Now that 2015 is well under way and the Super Bowl has come and gone, Chicago is now starting to enter the very beginning of what’s traditionally a very busy time of the year for the real estate industry. Although it may not seem like it right now with all the snow on the ground, the spring season is rapidly approaching, which usually means lots of home buying and renting activity all over town.
There’s no doubt Chicago’s rental market is still as hot as ever, but as we start to enter the busy spring market for home buyers, we wondered what downtown Chicago neighborhoods are plush with inventory, and after a quick glance at what each area has to offer, here is what we found:
Given downtown isn't where you'd typically search for single-family homes in Chicago, it's really of no surprise that detached homes in the area are pretty limited. It's also fairly typical for Streeterville and the South Loop to have the highest number of listings given each neighborhood's population density, but what's pretty evident at the moment, is that the River North and West Loop condo inventory is limited to say the least, meaning it could be a great time to sell, especially while interest rates are still low and buyers are on the rise.
Are you looking to buy or sell a home in Chicago in 2015? If so, contact our downtown Chicago real estate experts today at (312) 280-9600!