The Mainstreet Organization of REALTORS was honored by the Daily Herald Business Ledger for taking initiative to promote diversity.

Even as the real estate market is showing signs of cooling and more sellers are dropping asking prices, median home prices increased by double digits from last year.

The FOOTE Team joined with Compass three months ago. Saturday, August 28, marked the official ribbon-cutting ceremony for their new office in downtown West Dundee.

Local real estate pioneer Larry M. Klairmont passed away peacefully on July 18, 2021. He was 94 years old.

Also during the month, the median sales price rose to $390,500 from $370,200 in June, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

In what’s been a historic, frantic market, homes selling for large sums over list prices have risen sharply since January.

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®.

“Much of the home-sales growth is still occurring in the upper-end markets, while the mid- to lower-tier areas aren’t seeing as much growth because there are still too few starter-homes available.” — NAR chief economist Lawrence Yun

Legend has it, amongst the idyllic woods of eastern Washington, there sits a hidden castle. Designed to resemble a Middle Ages fortress, this home includes four bedrooms, four bathrooms and a two-car garage.

You might be surprised by the results of this survey.

“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi

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.

After a Black real estate agent and his client were detained by police while viewing a house, the National Association of REALTORS® took a strong stance against the “deeply disturbing” incident of “racial profiling.”

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.

Lot values for single-family homes are surging, according to an NAHB report. The current national median is $53,000: a record high.