Current Market Data

Key Stats in Chicagoland New Construction

Courtesy of research from Tracy Cross & Associates and MetroStudy, we’ve assembled a number of charts and graphs on the Chicagoland new construction marketplace. Click on the links below for each piece of data: •Chicagoland’s Top Homebuilders in 2015,

10 Most Competitive Neighborhood Housing Markets in Chicago, July 2015

Amidst Chicago’s competitive housing market, these 10 neighborhoods stand out In the city of Chicago’s housing market, the median days on market in July was just 19 days, and the average sale-to-list price was 96.8 percent. As competitive as

Chicagoland Home Sales Rise Strongly in July

July was a very positive month for the Chicagoland housing market Home sales in the nine-county Chicago Primary Metropolitan Statistical Area totaled 12,834 in July, a 9.6 percent year-over-year increase, according to new numbers from the Illinois Association of

Residential Real Estate Brokerages Expecting More Money

During the economic downturn, the real estate industry floundered and thousands lost their jobs. But improvements have been made, and the industry is healing, which means the money is returning. By 2016, more than two-thirds of residential real estate

CoreLogic: Chicago Cash Sales Dip Below National Levels

National cash sales continued their descent in May, a new report released today from CoreLogic showed. For 29 months, all-cash buyers have been leaving the market, as marked by continual year-over-year decreases in market share. In May, cash sales

New Construction at Highest Level in 8 Years

New development – especially in the single-family sector – has been very strong in 2015 Housing starts in 2015 are running at their highest level in eight years, according to the latest report from the U.S. Census Bureau. With 641,000 new housing starts so

4 Significant Ways First-Time Buyers have Changed

The housing market has changed substantially in the last 40 years, and first-time homebuyers have changed with it Since the 1970s, the U.S. housing market has changed in numerous ways. The square footage of homes, for instance, has risen to all-time

Builder Confidence at Highest Level Since Nov. 2005

Builder confidence in the market for newly built, single-family homes in August rose one point to a level of 61 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). That is the highest reading since November

Student Debt Delaying 30% of Millennial Home Purchases

Student debt remains the leading roadblock to Millennial homeownership Fifty-six percent of people between 18 and 29 have put off a major life event because of student loan debt, according to a survey released by Bankrate.com. That is higher than

CoreLogic: Foreclosure Inventory Drops in Chicago

Yesterday, CoreLogic released its June 2015 National Foreclosure Report, and the big reveal was foreclosures are still dropping – so not much of a surprise. For another month, national foreclosures fell, with inventory dropping 28.9 percent year-over-year from a

3 Ways the City of Chicago is Improving Housing

It is not unique that Chicago’s housing market has and is struggling in the wake of the recession. It is much the same story in many metros across the country – low wages that cannot match home prices, shallow

CoreLogic: Chicago’s Distressed Sales Fall 14%

CoreLogic’s May distressed sales report shows lowest levels since 2007 CoreLogic recently released a new report detailing the state of the distressed sales market in the U.S. for May, and for another month, both real-estate owned (REO) and short

Chicago’s Top-Selling Neighborhoods, Jan. – June 2015

In first half of 2015, what Chicago neighborhoods have seen the most home sales? Last week, Chicago Agent reported on the top-selling suburban housing markets in the first half of 2015, and now, courtesy of the more exclusive data from Redfin,

Why Chicago Renters are Not Buying Homes

Rising rents, new research shows, are not an incentive to buy a house Renters in the Chicagoland metro area are spending substantially more money on their monthly rent than is historically the case. That was the finding of a

Chicagoland Housing Flippers See Best Return in Nation

New research shows home flipping remains very profitable in Chicagoland According to the 2015 U.S. Home Flipping Report by RealtyTrac, home flippers in the Chicagoland area receive the highest return on investment (ROI) in the nation. Among markets with at

Chicagoland Luxury Home Sales Up 20% in 2015 Q2

RE/MAX recently released a report detailing large growth in the Chicagoland luxury market. Luxury home sales in the Chicagoland area rose 20 percent year-over-year in 2015’s second quarter, according to the new RE/MAX Luxury Report; with 737 sales, Q2

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