Whether you are relocating to the windy city or just moving from one apartment to another, it's important to know the best time to move in Chicago. The answer to this question isn't exactly straightforward. It depends on your needs. Here's what you should know about moving in Chicago.
Moving in the Summer
Chicago summers are very beautiful and provide a great time to move. However, this is also one of the most popular times of the year to move because of the weather. The summer season is also the time when rentals and homes for sale become readily available. They also rent and sell fast, which leaves less room for negotiating.
Moving in the Winter
The winter can be cold, icy, snowy and no fun for moving. This isn't the best time to move in Chicago, but there are some pros to moving in the winter.
During the winter season, fewer rentals and for sale options will be available. However, the owners are often ready to negotiate because they need a tenant or a buyer. You may be able to get a shorter lease or a better price during the winter.
Busiest Time to Move in Chicago
If you want to avoid the busiest months for moving in Chicago, you will want to avoid May and August. Both months are full of college students moving and many others moving. These two months are super busy in Chicago, so if you're looking for less competition, don't move during May and August.
Slowest Month for Moving in Chicago
Those seeking less competition when moving in Chicago will enjoy moving in November. The weather may be cold and you may see some snow, but there will be far less people looking to move during November than most other months of the year.
The slower season in Chicago for real estate, rentals and moving typically starts in November and runs through February.
Two Moving Days in Chicago
Many real estate agents and landlords are aware of the two moving days in Chicago. However, are you aware of these two days?
About 20% of the properties sold or rented will be moved into on October 1st and May 1st every single year in Chicago. In the real estate industry, these two days are known as the moving days.
Depends on your Neighborhood
Of course, with everything above, it can vary depending on your neighborhood. Some neighborhoods cater to a younger audience and see a larger turnover, while other neighborhoods provide housing for older families and couples willing to stay longer. Each Chicago neighborhood will be a little bit different when it comes to the best time of the year to move.
Choosing the right time of the year to move in Chicago isn't cut-and-dry. It depends on what you want and need. If you need to move because you are relocating for a job, you may not get much say in the time of year you move. However, if you just want to move because your lease is up, you may be able to negotiate a few extra months to move during a slower time or a time when more rentals are available.