Local News
Real estate news in Chicago

“Be consistent, work hard, be kind, and stay humble.” — Kari Wilson, Team Leader, Real Broker, Naperville and Bartlett

2025 REALTOR® Party Director Zeke Morris says the association’s lobbying efforts begin at the local level.

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

MRED’s MLS network now comprises 16 Realtor associations.

“Build a relationship with a mentor. Be proactive, listen and learn.” — Matthew Fuhrman, Licensed Real Estate Broker, eXp Realty Chicago and eXp Realty Southwest Florida

Baird & Warner has acquired Dream Town, which will now represent a combined entity of almost 3,000 agents, loan officers and staff.

The sales price represents the highest price per unit ever recorded for an apartment property of at least six units in Frankfort.

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.

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

Chicagoland’s suburban median price for attached homes rose 5% in May, reaching $420,000 — up from $400,000 a year ago, according to data from Mainstreet REALTORS®.

The new executive, Kelly Maggio, takes over from Managing Broker Tom Downing, who has taken on a broader role.

The agents were ranked in the association’s annual Top 250 Latino Agents Report.

1Fifteen at Michigan Station, a $48.3 million mixed-use housing development, is set to transform a key corner in Chicago’s Roseland neighborhood, the city announced.

The top six floors of the 10-story building at 111 W. Illinois St. will be converted into 153 market-rate apartments.

The local organization recognized the Realtors as future leaders of Chicago-area real estate.

With the additions, Roosevelt Square has opened almost 900 of 2,000 planned mixed-income apartments since work began in 2006.