Editor's note: This is the latest story in a series about how Chicago -- particularly its downtown -- is doing in the waning days of the pandemic.
CHICAGO (WBBM NEWSRADIO) — Workers may not have returned en masse to downtown office buildings, but where housing is concerned, Chicago doesn’t seem to have a problem.
Nykea Pippion McGriff, president of the Chicago Association of Realtors, said sales of homes of all types remained strong during the pandemic.
“Buyers have confidence in the Loop -- they're moving back into the Loop,” she said.
An example: Sales of attached homes, such as townhomes or duplexes, increased 9% between January 2019 and January 2020, she said. Prices are rising.
Condominiums, where people live in the same building, are doing fine, too, Pippion McGriff said.
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"As we've seen the city open back up, we are definitely seeing a renewed interest in condos, even in the downtown market which I know has been an area of focus,” she said.
Meantime, the apartment rental market has also taken off in the last 60 to 90 days, she added.
”Chicago is still a world-class city. People will always be attracted to that, and the downtown area will continue to be attractive with its amenities, such as access to the lakefront, the top-notch restaurants and such,” she said.
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