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More to Choose From... We have not seen this much inventory in Washington Park since 2012. For the sake of legibility, this chart doesn't go back that far, but I have binders full of Washington Park stats that go back to at least 1991. To put this in perspective, we had over 100 homes in inventory in June from 2001 through … [Read more...] about Washington Park Monthly Market Stats – June 2024 Review

One Market, Split Into Two... Of the 40 homes that closed in May, 31 sold for less than $1.5 million. As of May 1st, there were 86 active listings in Washington Park; however, 47 of those were priced under $1,5 million. So, if we are selling 31 a month and we have 47 in inventory, that is a 1.6 month supply of inventory. In May … [Read more...] about Washington Park Monthly Market Stats – May 2024 Review

Buyers + Sellers = Results... My 40+ years of living in and selling homes in the Washington Park neighborhood have shown me that it is a popular neighborhood. Inventory is up 13% from last month but the number of closings is up 75% showing that the demand is there and if inventory is provided there is plenty of demand to absorb … [Read more...] about Washington Park Monthly Market Stats – April 2024 Review

It Is Like Two Different Markets... The results this month show a trend we have been seeing both in our own practice and in the statistics. The market is hottest under $1.5 million in Washington Park and the rest of the City, for that matter. At only a 1.41 month supply of inventory in Wash Park, this range is a strong Seller's … [Read more...] about Washington Park Monthly Stats – March 2024 in Review

Everything Is Up...Is That A Good Thing? With the 117% increase in homes for sale in Washington Park, came a 67% increase in homes that are pending and a 33% increase in closings, all good news! It makes sense that with more to choose from, some buyers are finding what they have been looking for. The one thing that is up that … [Read more...] about Washington Park Monthly Stats – February 2024 in Review

Frozen... Gridlock in the Market Frozen is how the latest U.S. News Report on housing describes the national housing market. That same report names the conglomeration of Denver, Aurora, and Lakewood as the hottest market in the country. That is amazing! So we have the hottest market in the U.S. because it is frozen. Does that … [Read more...] about Washington Park Market Report – 2023 in Review

We Are Off to a Good Start... With 22 pending sales this month, the year is starting with a bang. It is not unusual to see a big increase from December, especially if the weather is good. It is more unusual to see such a large increase in pendings year over year.  The small dip in interest rates and the increase in inventory … [Read more...] about Washington Park Monthly Stats – January 2024 in Review

It Is Too Early to Tell... There are some factors here that make me cautiously optimistic that the 2024 Washington Park market will be a bit better than it was last year. For one, we finally have a little more inventory. There is an added affordability factor where many of our clients may need to leave the area to afford a … [Read more...] about Washington Park Monthly Stats – December 2023 in Review