Happy June, everyone — and welcome to Issue #6 of VKR Market Pulse. If you've been watching the market closely, you already know what I'm seeing on the ground: Chicago inventory remains extraordinarily tight at just 0.75 months of supply, and that is keeping prices elevated even as buyers grow more selective. Rates at 6.56% are not ideal, but for well-priced homes in strong neighborhoods like West Town, Bucktown, and Wicker Park, multiple offers are still happening. Whether you're thinking of selling this summer or finally making your move as a buyer, now is the time to have a real conversation about strategy. Give me a call — I'm here for you. — Slawomir, (773) 837-4815
| Metric | Current | vs Last Month |
|---|---|---|
| Median Sale Price | $409,000 | ↑ 6.2% YoY |
| Active Listings | 3,614 homes | ↓ 20.8% YoY |
| Avg Days on Market | 51 days | ↓ 3 days vs. last yr |
| List-to-Sale Ratio | ~100% | Stable |
| 30-Yr Mortgage Rate | 6.56% | ↑ ~20 bps vs. May |
Right now, the Chicago market is a tale of two experiences: sellers in move-in-ready homes priced at or below $450K are still getting strong activity and often multiple offers within the first week. But overpriced or dated listings are sitting — sometimes 60–90+ days — and eventually reducing. My advice: if you're a seller, don't chase the peak price of 2022. Price sharp, present well, and close quickly at a fair number. If you're a buyer, don't wait for rates to drop dramatically — they may not before year-end. Focus on your monthly payment tolerance and negotiate seller concessions toward a rate buydown instead. The deals are there for disciplined buyers right now.
Ask your lender about a 2-1 buydown — where the seller contributes closing cost credits to temporarily reduce your rate by 2% in year one and 1% in year two. With inventory tight but sellers more open to concessions on longer-sitting listings, this strategy can meaningfully reduce your first two years of payments while you wait for rates to potentially improve for a future refinance.
Witajcie w czerwcowym wydaniu naszego biuletynu! Rynek nieruchomości w Chicago pozostaje bardzo napięty — aktywnych ofert jest o ponad 20% mniej niż rok temu, a mediana ceny sprzedaży wzrosła do około 409 000 dolarów. Stopy procentowe utrzymują się na poziomie 6,56%, co sprawia, że zakup domu wymaga dobrego przygotowania finansowego. Jeśli myślisz o sprzedaży lub zakupie nieruchomości w Chicago — pomożemy Ci w obu językach. Zadzwoń do Sławomira: (773) 837-4815.
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