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LATEST NEWS
PUBLISHED
August 1, 2026
Got cash? With few properties on sale, Chicago homebuyers are having bidding wars
With very few homes listed for sale in Chicago, buyers are being pushed into bidding wars, and some properties are closing for as much as hundreds of thousands of dollars above asking. The shortage has made it a lucrative seller's market that keeps upward pressure on local prices.
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PUBLISHED
July 28, 2026
Case-Shiller home prices rise 1.1% in May, still lag inflation
The S&P Case-Shiller index showed national home prices up just 1.1% year over year in May, a pace that trails overall inflation. Chicago stood out as the strongest major metro in the index, leading annual price gains at 6.9%.
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PUBLISHED
July 8, 2026
Summer homebuying season heats up, with packed open houses and offers above asking price: 'Demand is insatiable'
Chicago-area open houses drew crowds of prospective buyers this summer, with many homes attracting offers above list price. Agents describe demand that far outstrips the thin supply of listings, keeping the market firmly tilted toward sellers.
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