Is Chicago inventory rising or falling?

Really, no. Inventory in Chicago is actually falling. Both the number of homes for sale and the number of new homes coming onto the market have decreased compared to last year. There are 15,929 active listings right now, which is 5.3% fewer than at this time last year. This means there are fewer total options for buyers to choose from. The number of new homes listed for sale has also dropped. There were 8,962 new listings, a decrease of 7.8% over the past year. This further contributes to the overall lower inventory. With fewer homes available and fewer new ones coming on the market, homes are selling relatively quickly. The median days on market is 36, which is 4.0% faster than last year. If you are looking to buy, prepare for fewer choices and be ready to act quickly when you find a home you like.