Most recent Chicago home buyers paid 96%+ of list price

50.2% of Recent Chicago Home Buyers Paid 96% of List Price or Higher

50.2% of Recent Chicago Home Buyers Paid 96% of List Price or Higher

It may be a buyers market, but buyers are negotiating a lot less off list prices than you may think.

To find out how much the majority of Chicago home buyers were recently able to negotiate off list prices I looked at all Chicago home sales in the past 6 months. This included houses, condos, townhouses and co-ops.

I filtered out those sales where parking was included in the sale price. For those of you not familiar with the downtown and near downtown real estate market in Chicago, parking spaces are often priced separately, but often negotiated into the final sale price.

The result was that 50.2% of sales were for a sale price that was 96.0% of the list price or higher.

If you would like to get better results than the majority of Chicago home buyers, call (773.793.4516) or email me. Last year my buyers averaged sale prices that were 94% of list prices!

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ABOUT THE AUTHOR

Fran Bailey Fran Bailey is a Realtor who has been quoted in numerous Chicago and national publications. To schedule showings for any listings, get a free market analysis for your home or to contact Fran email her at fran.bailey@bairdwarner.com or call 773-793-4516. Learn More