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That being said, sellers are still getting 98% of their original list price, he said.
According to theRE/MAX June 2024 National Housing Report, there were 13,346 new listings in Chicago in June.
That sales price is 8.2% higher than it was in June 2023.
The situation is different in the suburbs around Chicago, where theres only a two-month supply of inventory.
Sellers are getting 99.1% of the original list price in the suburbs, said Opyd.
When the rates come down, a lot more buyers are going to flood the market, he explained.
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