Chicago - RealtyWire

Market Datavs. 1 year ago

30-year mortgage6.66%▼ -0.06 pts15-year mortgage6.04%▲ +0.19 pts10-year Treasury4.68%▲ +0.30 ptsMortgage spread1.98 pts▼ -0.36 ptsMedian list price$430k▼ -2.5%List $/sqft$228▼ -2.1%Days on market53 +0 daysActive listings1.1M▲ +1.9%New listings463k▲ +2.4%Pending sales506k▲ +4.9%Housing starts1.43M▲ +3.5%Building permits1.37M▼ -1.8%New-home sales628k▼ -5.6%Existing-home sales4.09M▲ +2.8%Months of supply9.3▲ +0.3 moMortgage delinquency1.89%▲ +0.12 pts

as of Jul 2026

Chicago Breaks Ground on $162 Million Office-to-Residential Conversion on Magnificent Mile

August 1, 2026

A mid-century office tower on a downtown Chicago avenue undergoing construction.

Mayor Brandon Johnson joined developers to break ground on converting a 25-story office tower at 500 N. Michigan Ave. into 320 apartments, including 64 affordable units, in a $162 million project.

JPMorgan Fund, Sterling Bay Get $213 Million Refi in Chicago

August 1, 2026

Exterior view of a modern glass office tower in Chicago's Fulton Market neighborhood

A JPMorgan Asset Management fund and Sterling Bay refinanced their 500,000-square-foot Fulton Market office tower at 360 North Green Street with a three-year, $213 million loan from Barings.

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