I feel like a broken record when talking about inventory but it is what it is. Inventory was down 25% in December ‘23 compared to December of ’22. That is for the Chicagoland market and in Schaumburg it was down 35% year over year. Every market is different but most are seeing inventory levels continuing to decline. Home sales were down about 8% year over year.
For the listings that are going on the market now, showing activity is very strong and multiple offers are still very much happening on many listings as long as the pricing is in line with the market.
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