More market data is in and for the month of April, the fastest-selling market in the city was West Town, having 240 transactions with an average time on the market of 77 days.
Following closely behind was Logan Square with 106 sales and an average time of 81 days on the market.
Third place was the Near South Side with 94 total sales and an average of 94 days.
The top suburban market was Minooka with 29 sales and an average of just 77 days on the market.
Read more at Chicago Agent Magazine here.
Two Chicago suburbs were recently recognized as among the safest places in America, with 16 making the top 100.
The two suburbs that cracked the top 10 in real estate analytics company NeighborhoodScout were Lake-In-The-Hills (number 6) and Bartlett (number 8).
To develop its rankings, the group considered overall population and the rate of individual crime types per one thousand residents such as burglary, larceny-theft, motor vehicle theft, murder, rape, armed robbery and aggravated assault.
Buffalo Grove was ranked number 18 and Wheaton was number 21.
The city of Chicago didn't make an appearance in the safest or the companion "Most Dangerous" list.
The full list and more is here at Chicago Agent Magazine.
The latest numbers are in and the top markets for new construction in the first quarter of 2016 in the Chicago area include mostly suburbs but one city neighborhood.
Pingree Grove had 92 total sales, a 9.1 percent increase from the previous year. Naperville followed with 60 sales, a 6 percent increase and in third was Plainfield with 50 sales, a 5 percent increase.
Seventh on the list was Chicago's Near South Side, which includes the popular South Loop, with 34 sales, a 3.4 percent increase.
Read more at Chicago Agent Magazine here.
Chicago's inventory of for-sale homes continues to decline, suggesting a tough spring buying season is ahead, especially for first-time home buyers.
The inventory of affordable homes, defined as the bottom tier, has declined 14.2 percent in Chicago year-over-year. For middle tier homes the decline is slightly less substantial, at 4.8 percent, while even top tier homes have seen a steep decline, at 14.6 percent.
“It’s going to be a tough homebuying market this spring, especially for first-time buyers or even people looking to move up into a slightly more expensive home,” said Svenja Gudell, Zillow’s chief economist of the study's data.
Read more at Chicago Agent Magazine here.