After reaching a new low last week, the number of MLS-listed rentals jumped 23% week-over-week as of today.
Last week at this time there were 665 apartments, homes and condos listed for rent in 14 downtown Chicago ZIP codes in the local Multiple Listing Service.
As of today, the number of available units spiked to 817, a 23% increase from last week, and the largest number we’ve seen this year.
Renters should be cheered by the larger selection available to them, but shouldn’t conclude that they can take their time in deciding on a desirable unit. Reports from the field are that the best units are still being snapped up very quickly.
You can see all of our data, by date and ZIP code, in this Google Docs spreadsheet.