All about navigating the real estate market. 

Chicago skyscrapers surrounded by tulips / ar on the bottom right

Ever since COVID-19 news hit the world, the real estate market met a significant crossroads: many people were questioning if it was a good time to sell, for safety, and what would happen to our still-strong prices. Data now backs up that we did, in fact, see a halt in the market. Especially towards the end of March, there was a drastic drop in newly listed properties - less than half of the amount listed that week last year (keep in mind, before the pandemic hit, 2020 numbers were exceeding 2019 numbers). So yes, the response was strong.

There is still good news in all of this: first off, our data shows that as of May 4, 2020, median sales prices are still higher than 2019, and haven't seen any huge shifts aside from a small dip 2 weeks ago (see…

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laptop, mug, notebook, headphones, smartphone on a couch / ar on the bottom right

As the world is feeling the COVID-19 impact, it seems no industry is immune. Real Estate, above anything, is getting hit with the "worry" impact more than a physical industry disruption. Buyers nervous about job security are nervous about future mortgage payments. Sellers are nervous to let viewers inside their homes. Investors are nervous about future property values. Nervous, nervous, nervous.

But for those in search of the silver lining during these trying times, here's some good news: despite the Illinois mandatory shut down, the real estate industry is keeping up at a steady pace so far — and we have facts to prove it. For all those who need some industry encouragement, we've put together a list of positive local real estate news for our…

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