While there's been recent good news for sellers, that home values are soaring in year-over-year numbers, the good news for buyers is that home values in most of Chicago and across the country remain below their peaks set in 2006.
In Chicago, only 7.6 percent of homes have reached their pre-recession peak. The median home price in the city was $225,051, well below the pre-recession peak of $274,092.
And while many sellers are feeling confident with the Spring selling season in full swing, there are still many bargains out there for buyers.
Read more at Chicago Agent Magazine here.