Tracy Cross & Associates, Inc.3rd Quarter 2026 During the first three quarters of 2026, production builders in the Chicago region sold 4,330 new homes – a similar pace as last year when 4,238 contracts were written during the first nine months of 2025. This translates to an uptick of 2.2 percent. The townhome/condominium sector wtinessed […]
This house on Linden Avenue in Western Springs sold for $910,000 in June. (Dawn McKenna Group, Coldwell Banker) By Dennis RodkinJuly 28, 2026Crain’s Chicago Business Key Takeaways People shopping for a Chicago-area home this summer have about one-third the inventory to choose from that they would have had in 2019, the last summer before the […]
By Dennis RodkinNovember 18, 2025Crain’s Chicago Business Credit: Lennar/HomeSmart ConnectA rendering of a four-bedroom house that Texas-based builder Lennar sold for a little under $410,000 in the Heritage Hill Estates subdivision in Maple Park, 60 miles from the Loop. Ron Donavon, a real estate agent in the Fox Valley suburbs, had clients who were house […]
By Dennis RodkinAugust 5, 2025Crain’s Chicago Business Credit: Coldwell Banker Realty The number of newly built homes sold in the Chicago area was flat in the first half of the year, frustrating a veteran analyst who believes there’s enough demand to fuel a big increase if builders would only tap into it. “There would be […]
By Dennis RodkinMay 12, 2025Crain’s Chicago Business Credit: Dream Town Real EstateMost of the growth in sales was in attached housing, including townhouses and condos, such as this new 18-unit building on Ardmore Avenue in Edgewater. Chicago-area homebuilders had strong sales in the first quarter, one of the two strongest openers to a year in […]
By: Dennis RodkinFebruary 10, 2025Crain’s Chicago Business Credit: Daynae GaudioA photo rendering of a house in DR Horton’s Ashford Place development in Plainfield that sold for a little under $465,000 in December Homebuilding firms in late 2024 started the largest number of new-home communities in the Chicago area in more than a decade, which could […]
www.dailyherald.comSeptember 22, 2024Katlyn Smith Holladay Properties has built hundreds of upscale apartments in downtown Downers Grove, Lombard and Westmont. The developer’s new apartment building, within walking distance of the Glen Ellyn Metra train station, has a long list of amenities, starting with a hotel-style lobby with a fireplace. Adjacent to the lobby is a bicycle […]
By Dennis RodkinCrain’s Chicago BusinessAugust 27, 2024 Credit: VHT StudiosThis house on Park Avenue in Wilmette sold recently for $834,000. Housing affordability has been shrinking this summer, as prices rise faster than inflation. Welcome to Crain’s monthly look at the latest data on the Chicago-area housing market. From a three-day run of top-priced sales to […]
Dennis RodkinCrain’s Chicago BusinessMay 6, 2024 Credit: Little Realty This rendering shows the four-bedroom Sutcliffe model at M/I Homes’ Hawthorn Woods Country Club development. At least two sold during the first quarter, at $822,000 and $890,000. The number of new subdivisions under construction in the Chicago area is the lowest it’s been at any point […]
Dennis RodkinCrain’s Chicago BusinessFebruary 8, 2024 Credit: Re/Max Ultimate ProfessionalsBuyers paid a little under $570,000 in October for this five-bedroom house on Amarillo Boulevard at Lennar’s Elgin development called the Ponds of Stony Creek, one of the region’s biggest sellers of new construction homes in 2023. The super-low inventory of resale homes helped turn buyers […]