Current Market Data

Down payment assistance gains favor with buyers
Down payment assistance gains favor with buyers

As housing costs have continued to grow faster than the average buyer’s income, more are tapping into resources that can lower the substantial up-front costs of purchasing a home. But that could bring some major changes and a degree of uncertainty to the housing market.

Despite uncertainty, June new-home sales grow over last year
Despite uncertainty, June new-home sales grow over last year

While sales of existing homes continue to underwhelm, housing market analysts are feeling more optimistic about new construction. The Census Bureau reported new-home sales in June came 7 percent above the revised sales pace for May, and 4.5 percent above the estimate for June 2018. The report did come with caveats, however.

Home sales down more than 11% in Chicagoland and Illinois
Home sales down more than 11% in Chicagoland and Illinois

Opportunities for Illinois homebuyers have increased as home sales trended lower in June and median prices stayed relatively flat, according to data from Illinois Realtors. However, one factor that doesn't favor buyers is the fact that inventory remained low.

June home sales slip as affordable homes sell out
June home sales slip as affordable homes sell out

The national existing-home market nearly gave up the ground won in May with a less-than-stellar showing for June sales, according to the National Association of Realtors. Sales of existing homes in June came in 1.7 percent below the previous month’s total, reaching a seasonally adjusted annual pace of 5.27 million.

Harvard report: Home remodeling growth could slow way down soon
Harvard report: Home remodeling growth could slow way down soon

Weakening home sales, a sluggish new construction market and slowing growth in permitting for home improvement projects have all impacted the pace of remodeling, particularly projects undertaken with the goal of putting properties on the market for a quick sale.

Real Data Q2 2019
Real Data Q2 2019

Once again it’s time to check in on the people and offices with the most activity in Chicagoland real estate. Get a quick glance of the people and offices who made waves in Q2 or dig deep into the full lists of the top 20 agents, offices and highest single-family closings in each of the six counties we cover.

Single-family housing starts fall 8.3 percent in Midwest
Single-family housing starts fall 8.3 percent in Midwest

High land and labor costs have tempered optimism that might otherwise accompany low mortgage rates and an economy that’s been strong overall. But there are also some encouraging signs on the horizon.

Chicagoland supply balances, but numbers vary wildly by county
Chicagoland supply balances, but numbers vary wildly by county

RE/MAX's June 2019 Housing Report for Chicagoland shows overall indicators of slower sales and moderately increasing prices. But the view depends a great deal on which county you’re selling in.

Why Chicago stayed affordable while other big cities didn’t
Why Chicago stayed affordable while other big cities didn’t

A new study finds that, since 1960, median home prices have climbed by 121 percent, and household incomes rose less than one fourth as fast. But digging into the data in Chicagoland, a more nuanced picture emerges.

More first-time buyers facing budget constraints this year
More first-time buyers facing budget constraints this year

Money woes have become a bigger obstacle for those looking to break into homeownership than they were two years ago. Also, somewhat surprising data about the proportion of first-time buyers shopping for homes in rural areas.

New Subscribe