08/12/2026
Are home price cuts taking over Chicago?
Nationally, 20% of listings saw price reductions in July as rising rates (up to 6.66%) and summer vacations had buyers hitting pause. But the Midwest is a different story. We’re seeing tighter inventory and stronger demand than the rest of the country, with only 18.7% of local listings taking a price cut.
TIPS FOR SELLERS: Don’t “test the market” with inflated prices. Price realistically from day one to attract serious offers and avoid becoming the stale “problem house.”
TIPS FOR BUYERS: This seasonal plateau is your chance! We can use this window to negotiate seller-paid closing costs and buy down your interest rate for a lower monthly payment.
Want the inside scoop on your specific neighborhood’s numbers? Contact me today!
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