Market Conditions: June Sales Fall 15.7% YoY as Higher Mortgage Rates Bite

Jul 25, 2022 |

We’re finally seeing a cooling in the red hot Chicago housing market thanks to higher mortgage rates. From the Illinois Association of Realtors: The median price of a home in the city of Chicago in June 2022 was $367,000, a 4.7 percent increase from June 2021, when it was $350,500. In Chicago, home sales (single-family […more]

Posted in: Chicago

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