Addison Real Estate Market Update The Addison Real Estate Market continues to see good market conditions despite the extremely low inventory. Single family home sales decreased slightly in October and market times decreased more than 53%. Addison Home Sales Addison single family home sales decreased 4% in October with 24 home sales compared to last […] The post Addison Real Estate Market Conditions – October 2023 appeared first on Lucid Realty ..read more

Addison Real Estate Market Update The Addison Real Estate Market continues to see good market conditions despite the extremely low inventory. Single family home market times have decreased more than 36% in April compared to last year. Addison Home Sales Single family home sales in Addison decreased more than 55% in April. 17 single family […] The post Addison Real Estate Market Conditions – April 2023 appeared first on Lucid Realty ..read more

The February Case Shiller Chicago area home price index released this morning by Dow Jones S&P CoreLogic showed a continuation of the decline in year over year appreciation, with single family prices now only 3.6% higher than last year and condo and townhome prices only 3.4% higher. However, that 3.6% number is higher than the […] The post Case Shiller: Chicago Area Home Prices Outperforming Most Of Nation appeared first on Lucid Realty ..read more

It was only a month or so ago that Zillow and Pulsenomics released their fourth quarter Home Price Expectations Survey but now they’ve already released their first quarter 2023 survey about a week ago and they cut their home price forecast yet again. The graph below shows their latest forecast and it now starts with […] The post Another Cut In The Real Estate Expert Home Price Forecast appeared first on Lucid Realty ..read more

Although the headline might be that home sales declined by 23.3% in March vs. last year the reality is that the Chicago real estate market is kinda back to normal. Check out the graph below of monthly home sales and note that I’ve flagged all the March sales with red dots and I’ve included a […] The post Chicago Real Estate Market Update: Home Sales Back To Normal? appeared first on Lucid Realty ..read more

The folks at Dow Jones S&P Corelogic came out with their January Case Shiller home price indices for the country and 20 metro areas this morning. The year over year single family home price appreciation numbers are falling fast across the board but the Case Shiller Chicago area index shows our area doing less poorly […] The post Case Shiller: Chicago Area Falls Less Behind As Home Prices Drop appeared first on Lucid Realty ..read more

Earlier this month ATTOM released their February Foreclosure Market Report which showed a trivial decline from January and an 18% increase in foreclosure activity from the previous year. They also provided me with city level data that allowed me to update my Chicago foreclosure activity graph below. That graph paints somewhat of a different picture […] The post Chicago Foreclosure Activity: Lowest Level In 13 Months appeared first on Lucid Realty ..read more

Yeah, the Chicago real estate market had another down month in February BUT not quite as bad as the last two months. Home sales were down only 35.8% from the previous year compared to 40%+ the previous two months. Had it not been for the extraordinary low of February 2011 this would have been a […] The post Chicago Real Estate Market Update: Home Sales Only Down 36% appeared first on Lucid Realty ..read more

With this morning’s release of the December Dow Jones S&P CoreLogic Case Shiller home price indices for 20 metro areas, including the Chicago area, it’s clear that home prices continue to decline across the nation. More on that in a bit but in the meantime let’s look at where we are on a year over […] The post Case Shiller: Chicago Area Drops Slightly In Home Price Appreciation Ranking appeared first on Lucid Realty ..read more

Ever since ChatGPT (the latest artificial intelligence development in case you weren’t paying attention) took over the news the real estate industry has been trying to figure out what the implications are for the industry. I’ve been trying to figure out how the damn thing works and if it’s any good. So I decided to […] The post I Asked ChatGPT Why Real Estate Commissions Were So High appeared first on Lucid Realty ..read more