The median-sales price slid from $425,600 in October to $402,600 last month. 

The year-over-year increase of 6.1% is the greatest since June 2021, according to the association. 

The report cited hot rental markets in Arlington Heights, Barrington, Deerfield, Evanston, Glenview, Naperville and Oak Brook.

On a monthly basis, however, sales were down 13.3%, RE/MAX said. 

More buyers are touring homes and applying for mortgages as the 2024 housing market enters its home stretch, according to a new Redfin report.

Taylor Swift’s cultural impact has moved beyond music and fashion into the design of ultra-high-end real estate. 

Chicago is the 12th-priciest rental market in the country, according to Zumper’s November National Rent Report.

Despite the new record in September, the rate of increase continues to slow. 

The new findings come from real estate tech strategist Mike DelPrete.

The increase follows two months of declines, the National Association of REALTORS® said. 

Multifamily construction, meanwhile, rose on a monthly basis. 

Buyers had been sitting on the sidelines awaiting the election’s outcome, as well as drops in mortgage rates, but they are back and looking to buy.

Homeowners and buyers will prioritize nostalgic, old-world design sensibilities juxtaposed with modern sustainability technologies next year, according to Zillow.

Looking ahead, the CoreLogic Home Price Insights report predicts home prices will dip by 0.1% in October on a month-over-month basis.      

A growing number of renovating homeowners now classify their primary bathroom as a “wet room,” according to the 2024 Houzz Bathroom Trends Study.

September pending home sales rose 7.4% to their highest level since March, according to the National Association of REALTORS®.