Chicagoland Market Update: Week of July 25th 2022

by Steve Porter

Week of July 25th 2022

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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Redefined Residential | REAL

Steve Porter | License ID: 471.018397

8745 W. Higgins Rd Suite 110, Chicago, IL, 60631, United States

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