Chicago Home Prices Rise as Fewer Homes Hit the Market

Chicago's housing market saw a 6.0% drop in active listings, contrasting with a 3.6% national increase. New listings fell 7.5%, leading to fast-moving, competitive sales. The median list price rose 5.4% to $395,000, while nationally prices declined 1.3%. Only 14.6% of Chicago homes had price cuts, below the 20.4% national rate. Homes sold in 36 days on average, faster than the 60-day national median.