Current Market Data

Time on Market in Chicago Down 38%

Market activity in Chicago has quickened considerably, according to a new series of stats from Redfin. Chicagoland’s housing market had the need – the need for speed – in October, with time on market in the area falling a

Chicago’s 10 Busiest Neighborhoods

What were the city of Chicago’s busiest neighborhoods in October? October was a jolly good month for home sales across the Chicagoland area, but what areas of the city are seeing the most activity? To find out, we requested

5 Critical Details about New Residential Home Sales in October

October would seem to be a rockin’ good month for new residential home sales, but is there more to that data than meets the eye? Let’s start with the good news – according to the Census Bureau, new residential

CoreLogic: Chicagoland Home Prices Rise 12.3% in October

Chicago made it two for two in major home price indices, as the market continues to show signs of recovery. Home prices in the Chicagoland area rose 12.3 percent year-over-year in October, according to the latest Home Price Index

Census Bureau: Construction Spending Up 5.3% in October

Construction spending was positive in October, but what do the larger trends say about construction in 2014 and beyond? For the second week in a row, the government has released promising numbers for construction, though there still remains considerable

Residential Construction in October at Highest Level in 5 Years

October was a great month for residential construction, with both the single-family and multifamily markets rising to new post-boom levels. Though the government shutdown handicapped the Census Bureau’s data on residential construction, what it did report in its latest

NAR: Pending Home Sales Down Slightly in October

Pending home sales were down in October, and there remain several pitfalls for housing in the coming months. Pending home sales fell yet again in October, and the terrain remains a bit precarious for housing, according to the latest

Residential Construction in Chicago Up 81% in October

Residential construction has been on the rise throughout the country in 2013, but what of here in Chicago? October was a very good month for residential construction in Chicago. How good? Try this: according to the latest analysis by

Chicago Home Prices in September Post Best Numbers in 8 Years

September was a very promising month for home prices in the Windy City in the latest Case-Shiller Home Price Indices Home prices in the Chicago metropolitan area rose 9.7 percent year-over-year in September, according to the latest Case-Shiller Home

The 6 Most Important Homebuyer Considerations

Homebuyers have many things to consider when looking for a new residence, but what ranks among the top considerations? Buying a home is all about weighing the positives and the negatives, but as any real estate agent knows, not

Housing Inventory in Chicago Down 7% in October

Round and round we go on the housing inventory roller coaster! Where did it stop in October? Existing-home sales may have dipped a bit from September to October, but there was one undeniably positive sign in NAR’s latest report

Existing-Home Sales Down in October for 2nd Straight Month

Inventory shortages continued to cramp existing-home sales’ style, according to the latest analysis by NAR. Existing-home sales were down for the second month in a row in October, falling 3.2 percent from September, according to the National Association of

The 5 Key Characteristics of Homes Purchased in 2013

What types of homes have proven most popular with homebuyers in 2013? We take a look at recent NAR data to find out. Consumer preferences are an ever shifting, evolving landscape, and few regions of the economy shift more

IAR: Chicagoland Home Sales Up 9.6% in October

Though the expected seasonal slowdowns are in force, Chicagoland nonetheless posted strong housing numbers in October. Homes sales in the nine-country Chicagoland area rose 9.6 percent year-over-year in October, with the area posting 9,303 sales for the month, according

NAHB: Builder Confidence Unchanged in November

Builder confidence held steady in November, with more builders seeing conditions as good than bad. Builder confidence for the newly built, single-family home marketplace was unchanged in November from a downwardly revised level of 54 in the latest National

Is Housing in Chicago Still Undervalued?

The housing market has seen strong price gains through much of 2013, but has it made up all that lost ground from the downturn? Let’s start with the good news: there’s no way that the national housing market is

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