Nationally, housing prices were also on the rise, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. 

“There was less pending home sales action this time around, which I would ascribe to low housing supply, but also to buyers being hesitant about home prices,” National Association of REALTORS® chief economist Lawrence Yun said.

Fears of an economic fallout are causing long-term U.S. mortgage rates to fall as the newest COVID-19 strain reignites worry among Americans. 

2021 was a fascinating year for the real estate market — particularly in Chicagoland. Check out the hometown stories which most interested our Chicago readers.

2021 was a wild year for real estate and Chicago Agent covered it all, from COVID-era protections and court rulings to charting changes within large national firms. Take a look at which stories from the year generated the most interest with our readers.

The median sales price of new homes hit a new high of $416,900.

Throughout the year, our monthly cover stories reflected the changing tides of the real estate market. Check out the top 10 issues which most interested our readers during this remarkable year.

The seasonal housing cooldown may end early this year according to Zillow’s latest market report.

The median sales price of detached single-family homes rose 8.5%, compared to November 2020, while the price of attached homes rose 10.3%.

The median existing-home sales price for all housing types rose again on an annual basis, marking 117 consecutive months of gains.