Local News
Real estate news in Chicago

Baird & Warner has officially opened a new office in Berwyn, located at 6347 Cermak Rd. In addition to functioning as another real estate branch for the firm, this office will serve as a first-of-its-kind community resource center for potential homebuyers.

Illinois homes sold somewhat faster in August 2022 than in the year prior, even as median prices rose statewide, according to new data from Illinois REALTORS®.

The suburban housing market is slowing at a steady pace, according to new data from the Mainstreet Organization of REALTORS®.

Norada cited Chicago’s stable and diverse economy and its strong renters market, noting more than 50% of the population rents.

@properties Development Group has officially unveiled Wolfram18: a collection of luxury, single-family homes in the West Lakeview.

The Heartland REALTOR® Organization installed new officers and directors at a swearing-in ceremony on Sept. 6.

The Chicago Association of REALTORS® is inducting a new board of directors this month and Sarah Ware, of Ware Realty Group, will take over as president.

A sudden slowdown in home construction hasn’t affected the rise of new apartment buildings. Ten of the country’s top metros are set to reach five-year peaks in new-apartment construction during 2022.

Homebuyers nationwide had more time to make decisions in August with the first year-over-year increase in median days on the market since June 2020.

Though home prices are still increasing across the United States, the rate of growth is slowing, according to the latest S&P CoreLogic Case-Shiller Indices.

The Embry, a new development listed exclusively by Compass, is over 50% pre-sold. Its two penthouses will be released soon.

Homes were selling faster — at higher prices — in the state in July, according to new data from Illinois REALTORS®. The news comes following a month of decreased mortgage rates and tight inventory.

Home sales are down across Chicago’s suburbs as inventory remains historically low, according to new data from the Mainstreet Organization of REALTORS®.

The Chicago Association of REALTORS® (CAR) will induct Leon I. Walker, managing principal of DL3 Realty Advisors, LLC, into its Hall of Fame at September’s inaugural gala.

A new mixed-income, mixed-use community is coming to Chicago’s Woodlawn neighborhood: Park Station Lofts. Ground is expected to break soon.

In Chicago, 44.2% of offers faced competition last month.