How is the Chicago housing market doing?

{ "answer": "The Chicago housing market is seeing prices go up, but there are fewer homes for sale right now. Homes are selling a bit faster than before, and the number of price reductions is holding steady. Overall, it’s a competitive market for buyers, with fewer new options appearing." }, { "answer": "The typical listing price for a home in Chicago is $389,450. This is up 4.6% compared to the same time last year, showing that home values have continued to climb. However, prices dipped slightly by 1.4% from the previous month." }, { "answer": "There are 15,929 homes actively listed for sale. This is 5.3% fewer homes than last year, meaning buyers have fewer choices. New listings also dropped by 7.8% over the past year, so fewer new homes are coming onto the market." }, { "answer": "Homes are spending about 36 days on the market before going under contract. This is 4.0% quicker than last year, which suggests homes are attracting buyers more quickly. The average price per square foot is $220, an increase of 3.4% year-over-year." }, { "answer": "For buyers, fewer homes are available, and prices are generally higher than last year. For sellers, homes are selling relatively quickly, even with a slight dip in prices from the previous month. This suggests strong demand for the homes that are listed." }