From the outside, the luxury real estate game may seem glamorous: one-of-a-kind properties, ample commissions, wealthy buyers, extravagant open houses. But the mechanics of a luxury housing market – inventory levels, market times and, increasingly, price decreases — are less glamorous, but no less important.

To sell luxury real estate, and to thrive doing it, one must have a deep understanding of those mechanics, as well as the characteristics of one’s local market. In our cover story, we’re looking into Chicagoland’s suburban and city luxury markets, the city’s luxury rental boom, a global luxury real estate brand’s transformation, and more.

As always, please email marie@agentpublishing.com with your comments and questions.