Current Market Data

Chicago leads nation in improved home sales
Chicago leads nation in improved home sales

Inventory also reached its lowest point in the report’s history, down 31.8% from the same time last year and down 13.3% from October.

Strong housing market fundamentals to remain a constant in 2021, says new report
Strong housing market fundamentals to remain a constant in 2021, says new report

Strong underlying fundamentals shaped the housing market’s remarkable 2020 comeback story and, with a vaccine rollout underway, the stage is set for another strong year in 2021, says First American Chief Economist Mark Fleming.

Over a third of Chicago listings in bidding wars
Over a third of Chicago listings in bidding wars

More than half of Redfin listings (54%) experienced bidding wars in November, down only 4 percentage points from the previous month, according to the online broker’s new report.

Bought before they’re built: Advance new home sales highest since 2005
Bought before they’re built: Advance new home sales highest since 2005

An ongoing shortage of existing homes on the market has made newly constructed homes especially desirable.

Chicago ranks 28th priciest luxury market in the U.S.
Chicago ranks 28th priciest luxury market in the U.S.

The flight of homeowners from large urban centers to the suburbs has unexpectedly begun to reshape residential real estate, but luxury property in large cities have also gotten a boost from the hot market.

Are condos the new bargain property?
Are condos the new bargain property?

A new Redfin report shows condos are selling for a record 17% discount to single-family homes as the coronavirus fuels demand for space.

Remote workers could continue to drive the post-pandemic market
Remote workers could continue to drive the post-pandemic market

A new report from Homes.com shows that prospective homebuyers are still waiting to see if they will work from home permanently.

Here’s how long it takes buyers to save for a down payment in Chicago
Here’s how long it takes buyers to save for a down payment in Chicago

It takes Chicago homebuyers 5.65 years to meet the minimum threshold of 20%, or $69,800, to qualify for a mortgage.

Housing demand likely to stay high for years, according to new study
Housing demand likely to stay high for years, according to new study

There are 5.7 million “missing” households since the Great Recession, a fact likely to boost housing demand for at least the next several years.

Pending home sales down slightly as home prices continue to rise
Pending home sales down slightly as home prices continue to rise

Nationally, contract signings are up 20.2% compared to a year ago, but industry insiders say high prices are beginning to affect sales.

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