During July 2021, single-family homes in the Chicagoland area spent substantially less time on the market than in July 2020, according to statistics from Mainstreet Organization of REALTORS®.

The Chicagoland brokerage firm RE/MAX Collection Premier by Janice Corley is now expanding with new offices in Hyde Park, the North Shore and Hinsdale.

The boutique brokerage Peak Realty Chicago announced the sale of 1015 W. Webster Ave: a three-unit, mixed-use building which includes a penthouse suite and both rental and retail space. It went for $2.5 million.

Smaller, more affordable homes are hitting the market, helping moderate median list prices, according to Realtor.com.

Throughout 2021 so far, Compass Chicagoland has greatly expanded. 77 new agents have already joined: a 63% increase from 2020.

New headquarters, located at 4619 N. Ravenswood, will offer ample space for their expanding staff.

The Indianapolis-based firm will rebrand as @properties in the next 60 days.

RedfinNow is making offers on single-family homes, townhomes and condos in Avondale, Edgebrook, Edison Park, Jefferson Park, Lincoln Square, North Center, North Mayfair, Norwood Park, Old Irving, Park Ridge, Portage Park, Rogers Park, Sauganash and West Ridge.

The new executive joins RentPath from ParkMobile, which provides an app to help drivers pay for metered parking remotely.

It’s the third franchise for the company — @properties launched its first two in Detroit, Mich., and La Crosse, Wisc. — and plans more to come.

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.

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

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

The competitive homebuying market showed signs of loosening up last month as bidding wars dropped from May despite being higher than they were a year ago. 

Realty ONE Group announced the grand opening of its first Chicago franchise under the brand Realty ONE Group Leaders. 

It could take Chicago-area renters more than seven years to save for a down payment in today’s market.