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Chicago is passing through a growing moment in foreclosure market. Nowadays, we have 926 foreclosures available in the city. And compared to last month things got easier for those who want to invest, with more foreclosures in the market and more chances of deals. Chicago started September with 763 foreclosures available. October registered a fall to 763 homes, or 0.00%. The city had another down in November: 0.00%, leaving 763 properties in the market. Things got worse in December with a drop to 763 homes in foreclosure available (0.00%). Opportunities went abundant for buyers last month, with a rise, when Chicago registered 871 foreclosures, a 14.15% increase comparing to December.
As for the cost, Chicago has a huge difference in prices comparing to all US. Nowadays, investors can buy foreclosure homes in Chicago for $95,260, a value 44.26% below the US average price ($170,894), and a 100.00% decrease compared to the prices of January in the city.