A slow turnaround in Chicago real estate market
With expectations that price points are reaching bottom, home sales are starting to pick up, albeit slowly, in the Chicago suburbs of Naperville and Barrington and their surrounding areas, say two real estate agents who shared their market insights with Inman News.
The dawdling turnaround, they say, occurs as distressed properties — especially those at the lower end of the price spectrum — are getting gobbled up.
This Chicago-area real estate market report features a Q-and-A with Leisa DiVito, a broker associate for Coldwell Banker Residential Brokerage in Naperville, Ill., and Jeffrey Kershner, managing broker and CEO of Barrington, Ill.-based Silver Crown Real Estate.
DiVito is a 20-year-plus western Chicagoland resident and focuses her work on the purchase and sale of single-family residences, townhomes, condominums and income property. She works primarily in the Naperville, Ill., market area.
Kershner is the founder of Silver Crown Real Estate and has been a licensed real estate broker since 2005. He works in the greater Barrington, Ill., area.
On Wednesday, April 4, Inman News is offering Agent Reboot, a one-day tech tune-up event for Chicago-area real estate agents. The event runs from 8 a.m. to 3:30 p.m. at the Crowne Plaza O’Hare Hotel in Chicago.