South Loop Trends
This Chicago South Loop real estate market report provides the most current South Loop trends and statistics – a great resource for developing your own South Loop forecast.
We know you’re probably not an economist and don’t enjoy wading through a wordy thesis about market trends. Nor do you want to read spin.
So, here we provide just what you need to see the trends for yourself. This is a great resource to help understand current market conditions and how they may impact your decision to buy or sell real estate in Chicago’s South Loop neighborhood.
Here we provide five charts. They will help you visualize the trends over the past three years. They are always current and show the average:
- Sale price
- Price per square foot
- Percent of original price
- Market time
- Number of listings on the market
Visualizing these trends can help you determine the direction of the market, help forecast the future and inform your real estate decisions.
For example, if you’re considering selling your South Loop home, seeing these market trends can be especially helpful when making your pricing decisions and to understand how long it might take to sell.
Or if you’re thinking of buying in the neighborhood, these charts will help you determine if it’s buyers market and what the average price per square foot is at the moment.