Current Market Data
Contract signings were up in all four U.S. regions.
The number of homes for sale in Chicagoland fell 9.7% from 14,513 homes in November 2024 to 13,111 properties last month.
At the same time, single-family home prices remained flat, which could result in increased affordability in 2026.
Evidence points to home shoppers prioritizing the experiences they’ll have in their home over the style or size, Zillow said.
The NAHB’s monthly survey found the nation’s homebuilders remain optimistic about home sales next year.
Midwestern and southern metros may dominate buyer interest in 2026, according to the National Association of REALTORS®.
The increase came as the median sales price climbed 20.2%, and housing inventory fell 10.1%.
Geographically, trends varied widely, with formerly hot areas like Florida and the Southeast posting the deepest declines and formerly cool areas, like the Midwest, showing healthy gains.
However, DePaul University’s Institute for Housing Studies expects Illinois home sales to slide 1.6% between October and January.
Spa-style amenities, customizable lighting options, integrated technology, storage solutions — and ample space for these features — all surfaced as top trends.
By region, sales rose in the Midwest, Northeast and South but fell in the West.
Bold, geometric designs like chevrons, sunbursts, zigzags and stepped shapes are making a huge comeback as of late — and Houzz said that will continue into 2026.
At the same time, time on market jumped as inventory increased.
The chief economist for the National Association of REALTORS® also predicts home prices will climb 4% compared to 2025.
At the same time, the average age of the first-time buyer hit an all-time high of 40, according to the 2025 Profile of Home Buyers and Sellers.
At the top of the list? WaterSense fixtures — the plumbing solution, which claims to reduce water use by more than 20%, increased in popularity by 289.6%.