Home Price Growth Stalls Near 1% As Local Divide Widens

Navigating Chicagoland’s housing market means staying on top of every shift—and July was no exception. While U.S. home-price growth slowed to just about 1% year-over-year, and dipped 0.5% from the previous month due to softer demand and varying inventory, the picture is very different here at home. Chicago stood out with a 6.4% rise in prices, even as places like Austin saw a 2.9% decline. It’s also worth noting that some cities are seeing starter-home prices increase, making neighborhood expertise more valuable than ever. My commitment is to guide you through these local trends with the insight and care that define my approach to real estate in our vibrant communities.