Is Chicagoland’s Inventory Heading Towards A Surplus?

June 16, 2014

After a challenging 2013 in which many of the country’s major metropolitan areas suffered from a shortage of inventory, the outlook is finally starting to improve. According to a Chicago Agent story citing data from Movoto’s “State of the Real Estate Market” report, Chicago’s year-over-year inventory rose 12.8 percent in May, bringing overall inventory to 8,767 units. Nationally, year-over-year inventory increased by 15.4 percent, a number that’s expected to boost buyer confidence going into the second half of the year.

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