With the spring selling season well underway the question that often comes up is when's the best time of the year to go home-shopping?
Zillow recently crunched the numbers and price data from last year and compared the total number of listings, the percentage of homes selling above list price and listings with price reductions.
The found that during the late summer months that during late summer there were the most listings and that listings that were lingering on the market from the spring may be discounting their homes to sell before the cold months.
In Chicago, listings peaked in August last year with a total of 60,000 listings and nearly a fifth were discounted from their original list price.
Read more at Chicago Agent Magazine here.