Current Market Data

Illinois REALTORS®: Home sales slow in April as prices rise 

The summer is expected to bring an uptick in the pace of home sales, the association said. 

Debunking 80/20: New data shows it’s 65/20

New data released by CoreLogic/Cotality, and examined by noted industry researcher Mike DelPrete, contradicts this commonly held notion, however, and shows that the ratio is actually closer to 65/20.  

RE/MAX: Chicago home sales rise year over year in April 

Nationally, home sales slid 1.4% year over year but increased 11.3% month over month, RE/MAX said. 

MRED: New listings hit new high for the year last week  

At the same time, listings under contract declined, and closings rose. 

NAHB: Builder confidence drops in May on tariff uncertainty 

The association noted, however, that 90% of the responses to its survey tracking homebuilder sentiment were received before the announcement of a 90-day reprieve in U.S.-China tariffs. 

NAR: Affordability gap persists despite improvements in housing supply

Driven primarily by the construction boom during the pandemic, the housing market has seen some improvements in affordability, but homes remain out of reach for many would-be buyers.

Chicago is a Midwest leader of the micro-housing movement

For many renters, like new grads, people who travel frequently for work, recent divorcees or young couples, living small just makes more sense.

mortgage applications
MBA: Mortgage applications rise as housing inventory increases 

The most recent Weekly Mortgage Applications Survey shows homebuyer activity continued despite the economic uncertainty. 

MRED: New listings hit high for the year in Chicago last week 

Listings under contract were also probing new heights for 2025, according to the MLS’s Weekly Market Snapshot. 

HomeSmart upgrades yard signs with SmartSigns and SmartRiders

HomeSmart’s yard signs will now have QR codes and NFC (Near Field Communication) tags allowing home shoppers to access property details.

NAR: Staging a home can increase sale price by up to 10%

Homes that are professionally staged not only attract more attention from potential buyers — they also sell faster and for more money, according to data from the National Association of Realtors’® 2025 Profile of Home Staging.  

Cotality: Pace of home-price growth slows in March on economic concerns 

Despite the deceleration, the company, formerly known as CoreLogic, expects prices to rise another 4.9% over the next year.

March’s interest-rate slide prompts jump in pending home sales 

The National Association of REALTORS’® Pending Home Sales Index rose 6.9% in March, compared to economists’ expectations of a smaller 1% gain.

March home sales slide in Illinois, Chicagoland but inch higher in the city 

At the same time, “historically low” inventory managed to post gains, Illinois REALTORS® said. 

New-home sales climb in March in the face of high mortgage rates

The pace of sales rose 7.4% compared to February, topping analyst estimates by a large margin.

Matthew Gardner’s Q1 2025 market insights

Prominent real estate economist Matthew Gardner shares insights on the first quarter of 2025 — including his takes on tariffs, immigration, brokerage acquisitions, mortgage rates and more.

New Subscribe

  • This field is for validation purposes and should be left unchanged.