What are the Advantages of Building a Home?
Last month, fewer than 17,000 single-family homes were listed for sale in the Chicago area, the lowest number since 2008, according to Midwest Real Estate Data. A year ago, there were 32,600 homes listed for sale in February 2020. There are so many buyers and not as many homes for sale. Because of the lack of inventory, home sales and prices are surging. More than 7,000 homes were sold in the Chicagoland area in February, up 14.7% from February 2020. The median sales price rose 12.5%, according to the Illinois Association of Realtors. People are saying that there are not enough homes on the market that suits their needs. Buyers love variety, and there is not an assortment of homes to choose from. Some homebuyers are looking to have their…