Market Conditions: July Sales Fall 27.6% to 10-Year Low as Rates Remain Over 5%

Aug 24, 2022 |

The Illinois Association of Realtors is out with the July data. We knew it was going to eventually slow as the mortgage rates rose. But boy, did it slow in July. In Chicago, home sales (single-family and condominiums) in July 2022 totaled 2,426 homes sold, down 27.6 percent from July 2021 sales of 3,350 homes. […more]

Posted in: Chicago

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