Chicago Area Homes Were Had at 5% Discount in November
According to data released by Redfin, an online real estate search and brokerage firm based in Seattle, homes that were sold in the Chicago area in November went at an overall discount of nearly 5 percent, down slightly from the last time the company updated these figures.
The overall discount for the 5,765 homes sold in the Chicago area during November was 4.9 percent, according to Redfin. This reflected a decline from the 5.5 percent overall discount observed in August.
Tim Ellis, a writer at Redfin who also blogs about real estate in Seattle, explains the methodology: