Chicago Buyer’s Toolkit 2025: Local Programs Offer Up to $20K Assistance in Competitive Market
Chicago buyers in 2025 can access substantial local advantages including up to $20,000 in down payment assistance, a $320,000 median home price, and neighborhood-specific opportunities from Lincoln Park condos to emerging areas. Navigate the Windy City’s unique market dynamics with specialized resources, CTA-integrated search tools, and Chicago-specific financing programs.
Spring Market Surge: Real Estate Activity Jumps 34% as Inventory Hits Multi-Year Highs
The real estate market is experiencing a dramatic shift in May 2025, with transaction activity surging 34% year-over-year while inventory reaches its highest levels since 2008. Despite new opportunities for buyers, mortgage rates hovering around 7% and rising homeownership costs continue to challenge affordability across most markets.