Nationally, home sales were down 2.6% year over year and up 8.4% month over month, RE/MAX said. 

Home sales increased slightly in Illinois during February, year over year, while Chicagoland and city sales fell, according to Illinois REALTORS®.

Indicators of homebuying demand and activity are on the rise nationwide, according to a new report from Redfin.

The median existing-home price was also on the upswing last month, providing homeowners a bit of refuge as the stock market undergoes a correction, Chief Economist Lawrence Yun said in the monthly report. 

Single women made up 20% of total homebuyers between 2023 and 2024. That’s compared to just an 8% share for single men.

The pace of new-home construction was higher than economists expected, even as homebuilders expressed concern about the impact of tariffs and supply-side challenges. 

At the same time, Asian and Hispanic homeownership increased as well.

The week’s biggest real estate winner was Redfin, which saw its stock nearly double.

Compass is in “advanced talks” to acquire competitor HomeServices of America, per The Wall Street Journal. But the HomeServices of America CEO says it isn’t true.

GetBurbed, the @properties Christie’s International Real Estate team led by Holly Connors, has hit a milestone achievement: over $1 billion in lifetime team sales.

Matthew Cenedella replaces John Pierpoint, who will retire at the end of the month after nearly 40 years with the association.

The acquisition was described as an all-stock transaction.

Falling consumer sentiment suggests potential homebuyers are wary of the short-term economic outlook and future inflation, CoreLogic Chief Economist Selma Hepp said. 

After a month-long delay, the 25% tariffs on goods from Canada and Mexico have gone into effect. Additionally, President Donald Trump signed an executive order increasing tariffs on imports from China to 20%.

The group is one of the top real estate teams in Naperville.

Now that President Donald Trump’s tariffs are beginning to take shape, homebuilders are wary.