Market updates and tips
Market updates and tips
General tips for buyers and sellers in Chicago and the north, west, and southwest suburbs.
As of October 2026. Local market figures change quickly, so I share current numbers with you directly, always with their source and date.
Market report on request
Ask me for a market report for your town or your property. I will prepare a comparative market analysis (CMA) based on recent local sales and show you where the data comes from and when it was pulled. A CMA is a broker’s opinion of price, not an appraisal.
Tips for sellers
- Price from recent comparable sales in your area, not from list prices alone.
- Make small repairs and declutter before photos and showings.
- Gather your documents early: survey, permits, HOA documents, and utility history.
- Your own real estate attorney reviews the contract and handles attorney review.
Tips for buyers
- Talk with a lender first and get pre-approved, so you know your budget.
- Budget for closing costs in addition to your down payment.
- Read HOA or condominium documents before you commit.
- Hire a licensed home inspector, and ask about radon and sewer inspections.
Mortgage rates
For current national average mortgage rates, see the Freddie Mac Primary Mortgage Market Survey, published weekly. Your lender can quote the rate available to you.