Last year, some housing experts projected a decline in home prices by the end of 2023, which didn’t happen due to remarkably low inventory – prompting revised home price forecasts.

While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to decrease, according to the Revised Home Price Forecasts.

Let’s connect with Chicago’s top-rated real estate agents at KM Realty Group LLC so you know what’s happening with home values in our local area, Chicago.