If you're a buyer in the $2 million plus bracket then you have enough options in Chicago that it's beginning to look like a buyer's market.
At the end of February last year, Chicago had enough supply in that price range for 10.7 months of sales. One year later that supply had increased to 12.3 months, the first year-over-year increase since 2010.
While the momentum is shifting to buyers, the luxury market is still strong. Total sales for prices in that bracket rose 2.5 percent over the same period.