While we wait for August numbers to be published, the on-the-ground feel indicates a slower than normal end of summer season:

Well-priced, move-in ready homes in desirable neighborhoods continued to attract strong interest, often leading to competitive scenarios, but we did not see as much market activity this last month as we usually do in August. This is likely due to fewer homes on the market as sellers hang on to low interest rate mortgages in hopes of seeing current mortgage rates drop as their needs change.

So what does this mean for you this coming month?

For Sellers: If you're considering a move, now is the time to strategize. Highlighting features like cozy fireplaces, efficient heating, and leaf-free gutters can make your property stand out. Pricing strategically for the current climate is more important than ever.

For Buyers: You may find a slightly less frezied pace than in spring, but quality inventory is still highly prized. Getting your pre-approval in order now puts you in a powerful position to act when you find the right home.

Remember, Chicago's real estate market is never a one-note story; it's a collection of hyper-local narratives. If you're curious about what's happening on your street or you're thinking about your next move, let's talk! Connect with me in a DM or call 312-752-6443.