It’s interesting that the article below points out that Clarendon Hills had the highest increase. This is something of a well-kept secret. If you ever tried to look at homes in Clarendon Hills you know that there is always a limited supply. Currently, there are only 65 homes, 7 of which are under contract and not available. I have one client tell me that when she bought 30 years ago, there were only 2 houses to choose from. She chose the one she has lived in ever since. I have people tell me that people don’t want to leave and this is the reason Clarendon Hills has low inventory. Compared to Hinsdale; has 238 and 38 of those are under contract and not available. This, I believe has helped Clarendon Hills keep the prices stable, and what Chicago Business Today information from Fiserv, has gone up 3.6% increase.
See Chicago Business Today (Crain’s) Video of this article.