Current Market Data

RE/MAX: Chicago housing inventory gets bump in June
RE/MAX: Chicago housing inventory gets bump in June

The nationwide housing inventory shortage that has driven growth in prices and demand in Chicago and other major markets may be beginning to ease, according to RE/MAX’s  National Housing Report for June.

Real estate investors set their sights on Chicago
Real estate investors set their sights on Chicago

Real estate investors re-entered the housing market in a big way in the second quarter of 2021, and Chicago is at the top of the list for investor purchases, according to a new report.

How far are Chicago homeowners willing to commute?
How far are Chicago homeowners willing to commute?

With the increased number of professionals working remotely, today’s homebuyers are putting less of a premium on commute time and more on affordability.

New-home sales fall 6.6% in June
New-home sales fall 6.6% in June

The U.S. Census Bureau and the Department of Housing and Urban Development reported that the median sales price slid to $361,800 from $380,700 in May.

Existing-home sales reverse four-month decline in June
Existing-home sales reverse four-month decline in June

At the same time, the median existing-home price for all housing types in May was up 23.4% on an annual basis, as every region in the country registered price increases.

Mortgage applications fall as interest rates rise
Mortgage applications fall as interest rates rise

Meanwhile, the seasonally adjusted purchase index declined 6% from the previous week, the Mortgage Bankers Association reported.

Housing starts tick higher in June
Housing starts tick higher in June

Privately owned housing units authorized by building permits in June came in at a seasonally adjusted annual rate of 1,598,000, down 5.1 % from the revised May rate of 1,683,000, but 23.3% above the year-ago rate of 1,296,000.

NAHB: Builder confidence drops again on materials costs, supply-chain woes
NAHB: Builder confidence drops again on materials costs, supply-chain woes

July’s reading of 80 was down one point from June, but still signaled strong demand for housing, the National Association of Home Builders said.

Redfin: Housing market could be reaching something of an equilibrium
Redfin: Housing market could be reaching something of an equilibrium

During the four-week period ended July 11, the average weekly share of homes for sale with a price drop passed 4% for the first time since September 2020.

Luxury homes sales take off in Chicago
Luxury homes sales take off in Chicago

How luxurious is the American real estate market? You may be surprised.

[gravityform id="3" title="true" description="false" ajax="true"]