Royal Hartwig
Year over Year is the Best Comparison
When you are trying to evaluate the real estate market, it is best to look at the year over year comparison. Values go down in the fall...
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Real Estate Blog
Royal Hartwig
- Feb 1
January Closed Sales Down 46%
You would think that if we had a 46% reduction in closed sales that prices would be down as well. That is not the case given the issue of...
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Royal Hartwig
- Dec 29, 2022
Showing Activity Hit Its Annual Bottom.
As you can see in the graph (orange line is 2022), we have hit our annual low point in showing activity for the year. From now until...
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Royal Hartwig
- Nov 12, 2022
The crystal ball has been dusted off and here is what I see…
Before I get to my projection on Chicagoland home prices for 2023, let me first give a recap on 2022. We went from 3% (mortgage) interest...
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Royal Hartwig
- Sep 26, 2022
Price Reductions on the Rise!
Price reductions are on the rise! This may sound alarming but it is part of the seasonality of real estate. With the average home sale...
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