Chicago Relocation

Per The Chicago Trib – Chicago home sales hot, prices not!!!

March 23, 2010

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Mary Ellen Podmolik wrote a great article in the Business Section of Today’s Chicago Tribune (read it here) discussing how distressed properties are helping to redefine our market.

I’ve spoken on the subject often (as well as in this article) and it is amazing in the last two years how much of an influence the REO and short sale world has had on Chicago Real Estate.  As quoted in her article, the median price in our dear Chicago has gone down 1/5 – to $176K from $225K.  Truly a market correction. 

As a transferee to Chicagoland, the time has never been better.


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