Some other news, that may or may not be good depending on if you own a home or are looking to buy...... The Chicago area continues to buck national trends.
https://www.chicagobusiness.com/real-est...hicago-housing-market-may-data-20260630/
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In Chicago, the median price of homes sold in May was up 7.7% from the same time last year, according to data released June 25 by Illinois Realtors.
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Compare the vigor in those figures to the nationwide data released by the National Association of Realtors earlier in the month. The median price of existing homes sold in May was up 1.3% from the same time in 2025.
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And before you go thinking we share this trend with coastal cities.....
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Chicago’s home prices grew by 6.5% in April, according to today’s report. The city with the next-highest growth is New York, where prices rose 3.8% in April, according to the index.
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Interesting trends.... Again, in my area in Logan Square, lots of new construction.... rehabs... etc. It will also be interesting to see if this can start pushing some upwards pressure on condo development in the city if supply is running short. No idea if that would be enough pressure to squeeze out some highrises, but something to keep an eye on.
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