Chicago The Best Housing Market For Buyers In The Country
By Chuck Sudo in News on Jul 11, 2012 8:20PM
If you're looking for a home in the Chicago area, you have plenty of options and loads of negotiating power. According to real estate website Zillow, the Chicago area is the top market for bargain-hunting home buyers in the nation.
That's good news for those of us who are looking to make the jump from renting to owning a home. In May, Zillow found 48 percent of homes in the Chicago area sold for less than their previous selling price, and the median number of days those homes were listed on Zillow was 182 days. Roughly 40 percent of homes listed in May saw at least one price cut in their asking prices, the median cut was 6.92 percent, and the average discount on homes sold in May was 5 percent less than their most recent asking price.
Now if we can just find a bungalow on a blogger's salary.