Spring Market Inventory

You may have heard that the Spring market is off to a strong start. Houses are not staying on the market long (generally speaking) and multiple offer situations are common in certain price ranges. The reason for this boils down to supply. La Grange Inventory is down 26% year over year, with La Grange Park down a staggering 42%.  Western Springs’ dynamics are somewhat more relaxed, with an inventory reduction for March of minus 12%.

These dynamics create a tight market where sought-after properties go quickly.

Graph

Source: MRED Midwest Real Estate Data

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