Demand for homes in Chicago suburbs grows amid COVID-19 pandemic

“More people are able to work from home and are looking for homes with home offices, more space, they don’t need to be in the city and they like the more openness and space of the suburbs."
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CHICAGO (WBBM NEWSRADIO) -- In real estate, there’s always been some back and forth between Chicago and the suburbs, but the coronavirus pandemic has led to a surge in Chicagoans moving away.

“More people are able to work from home and are looking for homes with home offices, more space, they don’t need to be in the city and they like the more openness and space of the suburbs," said Teresa Ryan, Lead Broker at Ryan Hill Group based in Naperville.

Ryan told WBBM Newsradio the number of Chicagoans she’s worked with who are looking to relocate has doubled since March.

“There’s definitely been an influx of people from the city moving out to the burbs again to get away from some of the chaos and things that have happened in downtown Chicago," she said.

The only problem is there are very few options.

“We have more buyers than there are homes to meet their needs, so there’s a shortage of inventory. I would say homes priced up to $800,000, if they’re priced correctly for the market, there’s an extreme shortage," Ryan said.

Suburban homes within close proximity to Metra stations are also in extremely high demand.