When ABC7 reporter Alan Krashesky was looking for expertise on the local real estate market and the up-coming (and in progress) Spring selling season, he turned to Matt Silver, Urban Real Estate's own Partner and Chicago Association of REALTORS® President-elect.
February home sales data shows the median selling price up 7.8 percent to $160,000, while March sales data is not out yet.
Silver says that the city's appreciation has varied neighborhood by neighborhood.
"Most of the properties along the Lakefront have recovered faster, that's a natural progression," he said. "For those who are looking a little more west and a little bit south, those are recovering just at different rates."
His conclusion?
"It is absolutely a seller's market."
Watch the full interview here.