#market-action-index

#market-action-index

Chicago buyers face tighter supply and higher prices than buyers across Illinois. HW Data shows a metro median list price of $319,900 with about 11,000 active listings this week. The Market Action Index reads 40.2, signaling strong seller conditions. New supply totaled 1,183 listings while 1,511 homes moved under contract, keeping inventory from building. The metro's median list price sits above the statewide figure, and available homes are concentrated in fewer neighborhoods.

HW Data for the week of Oct. 3 shows California's median list price at $775,000 with inventory of 57,048 homes and a market action index of 37.3. Florida's median list price is $484,000 with inventory of 97,525 homes and a market action index of 30.3. Price reductions reached 36 percent of active listings in California and 44 percent in Florida.