Bringing in the spring market with growth in Chicago
by Urban Real Estate
The Chicago-area housing market is showing strength, as sales and median prices increased for a second consecutive month after a slow 2019.
In the city, 1,427 homes sold in January, according to data released by real estate trade association, Illinois Realtors. That was an increase of 5.9 percent from January 2019 and followed December’s 10.5 percent year-over-year increase. Chicago is a consistent market in which the city is often monitored for its units and volume in communities as diverse as the residents who call them home.
“In evaluating where the market is headed, seeing real estate pick up after a slower fall and early winter is a welcome sign of stability,” said Matt Farrell, managing partner at Urban Real Estate. “We see cautiously optimistic buyers looking for just the right home, and making offers on compellingly priced houses.”
This especially matters as full-service real estate brokerages continue to expand their own value proposition, in- creasing services and marketing efforts, and raising the bar in the industry.
“We are proud to every day be able to do our part to move the market and serve buyers, sellers, renters and investors from many corners of the world,” Farrell said. “But we also know that staying ahead means fastening your seatbelt and trying new and different ways to bring quality service to our clients—an endeavor we are embarking on this spring with excitement and pride.
“The Chicago market continues to perform like few others for its diversity, access to education, history, culture, medicine, and real estate,” said the founder of the New Eastside’s number one real estate office. “We continue to raise the bar, guiding our clients through the single largest transaction of their lifetime, one we will continue to help them navigate in any market.”
Urban Real Estate has served the community for more than 15 years and Farrell said his gratitude for being in New Eastside is unparalleled.
“I am proud to call New Eastside home to my family, as well as to our brokerage. It has been paramount to our success, and we believe our growth will continue in large part because of the neighbors who support us and the work we do. It doesn’t get any better than this fantastic neighborhood in a city as grand as Chicago.”