Royal Family Real Estate
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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Real Estate Blog
Royal Family Real Estate
- 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 Family Real Estate
- 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 Family Real Estate
- 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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Royal Family Real Estate
- Sep 2, 2022
Even Buyers Take a Break on Labor Day
This graph highlights showing activity throughout the year and going back to 2020. The orange line is 2022 and we are about to see a drop...
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