Chicago’s real estate market is on the move—median home prices have leapt 13.3% to $425,000, driven by a tight housing supply that just isn’t keeping up. As someone who’s guided clients through every kind of residential transaction, I see firsthand how the shortage of new construction is shaping our city. To truly meet demand, we’d need to triple the current pace of building—no small feat with outdated codes, permit backlogs, and infrastructure challenges slowing things down. City leaders are now working on reforms to open the door for more affordable middle housing, which could be a real game-changer for buyers and sellers alike. After 21 years in Chicago real estate, I know the importance of creative solutions in a dynamic market like ours.
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