You may have seen the headlines: home values are starting to slip in markets across the country. In fact, seven major U.S. cities are seeing year-over-year price declines.
But here’s the key point – Chicago isn’t one of them. In fact, the latest Case-Shiller Index shows our market near the top:
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New York: +7%
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Chicago: +6.1%
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Cleveland: +4.5%
Let’s break down Chicago’s home price growth ranking compared to other major cities. Our market is holding strong. Prices are still climbing, even as other parts of the country are cooling. If you’ve been waiting for a big dip before making the jump from renting to owning, the reality is that it may not happen here. Inventory is tight, demand is steady, and Chicago continues to be one of the more stable markets nationwide.
What this means for you:
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Renters: Rising prices can make it tougher to break into homeownership if you wait too long.
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First-time buyers: Now is the time to get your financing and strategy in place so you’re ready when the right home comes along.
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Long-term outlook: Chicago remains a solid place to build equity and plant roots.
If you’re curious what buying a home could look like for you – whether you’re thinking about it now or a year from now – let’s talk. I’d be happy to walk you through the process and help you map out a plan.
📞 Call or text me at 630-631-4477
📧 Email me at sjablonska@jamesonsir.com
