In January, Chicago's real estate market saw active listings drop 14.1% to 3,144, contrasting with a 10% national increase. New listings fell 9%, tightening inventory. Median listing prices slightly decreased by 1.8% to $334,999, with an 8.1% price reduction share, lower than the national 14.3%. Homes spent a median 60 days on market, shorter than the national 78 days, indicating strong buyer demand and favorable conditions for sellers.