Current Market Data

April existing-home sales send mixed messages
April existing-home sales send mixed messages

Nationally, existing-home sales finished the month of April some 0.4 percent below last month's rate and 4.4 percent lower than April 2018. But those same figures looked brighter when researchers zeroed in on Chicagoland.

Midwest leads the pack in home price gains
Midwest leads the pack in home price gains

Metro market prices were up 3.9 percent year-over-year in the first quarter of 2019 nationally, increasing at a slower pace than the previous quarter. But that 3.9 percent gain was matched perfectly in the Midwest, where the median existing single-family home price made it up to $194,100.

Homeownership up as renter population skews older
Homeownership up as renter population skews older

As the economy has improved, more Cook County residents may be ready to make the transition from renting to owning their homes. A recent report on housing trends in Chicagoland found that after peaking in 2015, the number of renter households in the county decreased by 20,911 in 2017 while owner households increased by 14,759.

Builders bullish on 55+ market, but labor shortages loom
Builders bullish on 55+ market, but labor shortages loom

Industry confidence in the single-family housing market for older adults reached an all-time high last quarter. However, while employment is also surging, residential construction is one area to which workers are not flocking.

Real estate in brief: Cooler prices, association hires and more
Real estate in brief: Cooler prices, association hires and more

In national real estate news, we have the first indication that home price increases have hit negative territory, economists disagreeing about why that might be and a new hire at NAR.

Indicators suggest an upcoming buyer’s market
Indicators suggest an upcoming buyer’s market

Using these two sets of data released Tuesday, the market’s outlook for the next few months seems to be good, since pending home sales have been increasing and home price growth has been decreasing.

Home sales fall back to earth in March
Home sales fall back to earth in March

Although disappointing on its face, the news that sales activity declined in March compared to an unusually strong February wasn’t a shock to housing market experts.

Check out the agents, offices and listings making big Q1 moves
Check out the agents, offices and listings making big Q1 moves

See how 2019 started out with our first quarterly release of Real Data.

Sales down but inventory increases heading into spring market
Sales down but inventory increases heading into spring market

Housing inventory rose to a 4.4-month supply, an increase from both last month’s 3.4 months and last year’s 3.2 months. Chicagoland inventory is also higher than the national supply of 2.7 months.

Survey: Working with high-end clients
Survey: Working with high-end clients

Find out what Chicago Agent magazine readers who work in the luxury business have to say about their clients, transactions and trends in the market.

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