House Prices Jump in Illinois Amid Slow Pace of New Construction

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It's no surprise that Chicago’s median home price has climbed 13.3% to $425,000—demand is far outpacing the available supply. The reality is, we’d need to triple the pace of new construction just to keep up. Yet, outdated building codes, lengthy permit processes, and infrastructure challenges are slowing progress. Reforms are underway to encourage more affordable, middle housing options, but change takes time. Navigating this evolving landscape calls for true market expertise and a commitment to high standards—qualities I value deeply in my work with @properties. I make it my priority to ensure clients are well-informed and well-represented, no matter where their real estate journey leads.

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