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Chicago Housing Scorecard: Starts and inventory continue to rise

Chicago’s housing inventory continues to rise, thanks in part to a boost in new-home construction in the market.

Pending-home sales rise in May as market continues ‘slow thaw’ 

May’s 1.8% monthly gain follows a 6.3% drop in April, the National Association of REALTORS® said. 

Case-Shiller: Chicago home-price growth slows in April, tracking ‘healthier, more sustainable’ national trend 

The pace of home-price appreciation slowed to its most modest pace since 2023, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. 

NAR: Existing-home sales gain ground in May 

The median-sales price for an existing home rose 1.3% year over year to $422,800. 

Illinois REALTORS®: Home sales slow again in May while prices continue to rise 

Inventory was up statewide and in Chicagoland but down within city limits. 

RE/MAX: Chicago home sales rise year over year in May 

Nationally, home sales slid 3.5% year over year but rose 8.6% month over month, RE/MAX said. 

Get your property market-ready with these value-boosting paint colors

Buyers were willing to pay $1,597 more for a home with an olive-green kitchen, and navy-blue bedrooms boosted a home’s value by $1,815.

New-home construction drops in May 

Homebuilder sentiment recently reached its third-lowest level since 2012. 

mortgage applications
Mortgage applications surge 12.5% on ‘looser housing inventory’ 

The Mortgage Bankers Association said the post-Memorial Day increase came despite economic uncertainty and largely static interest rates. 

MLS subscriber-Realtor gap hits record level 

T3 Sixty said the difference between real estate agents who subscribe to MLSs but are not Realtors and Realtor-subscribers hit 25%, the highest on record. 

Cotality: Home-price gains slow to 13-year low  

The Northeast and Midwest remained strong, while Florida, which saw a major runup in prices in recent years, continued to cool. 

Chicago Housing Scorecard: Starts and inventory are up

Chicago’s housing inventory is on the rise, thanks in part to a boost in new-home construction in the market.

Pending home sales plunge in April on high mortgage rates 

The 6.3% month-over-month decline was the steepest the U.S. market has seen since September 2022. 

Median Chicagoland home-sale price tops $400,000 for first time since spring 2024 

At the same time, the pace of home sales continued on its downward trajectory. 

Case-Shiller: Chicago home prices rise in March as national price growth slows  

In Chicago, home prices surged 6.5% year over year in March — the second-highest gain in the index after New York — and rose 1.17% month over month. 

Illinois REALTORS®: Home sales slow in April as prices rise 

The summer is expected to bring an uptick in the pace of home sales, the association said. 

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