The 2022 Housing Market is on Fire

At this 11-unit condominium building under construction on Southport Avenue in Lakeview, so many people showed up for an early-January open house that the listing agent had to make dozens of them wait in the garage as others toured the units.

At this 11-unit condominium building under construction on Southport Avenue in Lakeview, so many people showed up for an early-January open house that the listing agent had to make dozens of them wait in the garage as others toured the units.

Crain’s Chicago

We had featured this development as our for sale home of the day the prior week.

The housing market is on fire according to Crain’s Chicago Business, where last weekend, this Southport Avenue open house had a line out the door.

When John Grafft scheduled a one-hour open house at a new 11-unit condo building on Southport Avenue in Lakeview for this past weekend, he didn’t count on having to use the garage as a waiting room.

He needed it not because of the icy weather descending that day, but because about 100 people showed up to tour the condos.

For a typical Saturday open house, Grafft said, “I’d expect to see 10 percent of that.”

It seems to certainly be a sellers market, especially in hot areas of the city like Lincoln Park, Bucktown and Lakeview. Read the entire article here from Crain’s.

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