The Dobbs Report – Chicago Real Estate Market Overview – June 2026
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June 2026 showed a slight cooling in fresh listing activity, but buyer demand remained strong where it matters most. Current inventory edged down to 1,746 from 1,759 in May, while new listings also slipped to 1,905 from 1,923. Under-contract activity softened more noticeably, falling to 1,363 from 1,423, suggesting that some buyers may be moving a bit more selectively as the spring market transitions toward summer. Even with those modest declines, supply remains tight across the selected neighborhoods, keeping pressure on well-priced homes.
The strongest signals in June came from closed sales, market speed, and final pricing. Closed sales rose to 1,550 from 1,499, while market time dropped again, to 34 days from 35 in May. The original list-to-closed price ratio increased to 103% from 102.7%, showing that competitive bidding and above-ask closings are still very much part of the market. Average closed price also climbed meaningfully, to $716,505 from $693,460, even as the average listing price declined to $690,330 from $717,515. Overall, June points to a market with slightly fewer new options for buyers, but continued urgency around desirable homes. For sellers with strong presentation, accurate pricing, and good positioning, conditions remain favorable.
Chicago Homes – Dynamic Market Overview
| City | Num Active Listings | Avg Listing Price | Avg Price Reduction | Avg Days on Market | Avg Price per SqFt |
|---|---|---|---|---|---|
| Chicago | 2,327 | $473,509 | 3.2% | 200 | $206 |
| 2,327 | $473,509 | 3.2% | 200 | $206 |
| City | Num Active Listings | Avg Listing Price | Avg Price Reduction | Avg Days on Market | Avg Price per SqFt |
|---|---|---|---|---|---|
| Chicago | 11,102 | $541,261 | -5.2% | 83 | $323 |
| 11,102 | $541,261 | -5.2% | 83 | $323 |
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