ON THE RISE
Crain’s Chicago Business says that the home values in Chicago are on the rise. Crain’s cites the numbers from S&P CoreLogic Case-Shiller Indices, one of the most respected monthly studies of the country’s housing market.
The latest reports says Chicago area homes rose 5.1 percent in March! That’s a significant increase and is uplifting news for anyone trying to sell a home on the market.
This also marks the third straight month of value gains. The two previous months had an even higher value increase.
Although this is great news, Chicago is still lagging behind other states in the country. Other states in the country averaged a 5.8 increase through the month of March. Chicago area home values were just a bit off this pace.
Although Chicago is behind other states, you should still be pleased with these numbers if you are considering selling. As long as you set the right asking price and stage your home you shouldn’t have an issue finding a buyer.