2024

It Is Still A Good Market... The last time we saw this much inventory was July of 2017. The 24 sales we had in July of 2024 happened in an average of 28 days. Furthermore, 11 of those 24 sales sold at or above asking. In what I call a good market, homes sell within 30 days if they are well priced, show well and are well … [Read more...] about Washington Park Monthly Market Stats – July 2024 Review

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

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