Insights from Our Q1 2026 Chicagoland Client Real Estate Market Survey

We recently asked our clients and community to share their perspective on today’s real estate market. The feedback was thoughtful, clear, and aligned with what we are seeing on the ground across Chicagoland.

Here are the key takeaways.

The Market Remains Strong, But More Competitive

Overall, sentiment points to a market that is still active, but more challenging than last year.

Inventory remains limited across many neighborhoods
Interest rates continue to influence timing and decisions
Home prices are holding steady, creating a more competitive environment

From an investment perspective, this type of market supports price stability, particularly in well-located areas.

From a lifestyle perspective, many buyers are taking a more thoughtful approach, waiting for the right home rather than rushing into a decision.

Many Are Considering a Move in the Next 12 Months

A meaningful number of respondents shared that they are actively thinking about making a move.

The most common reasons include:

Needing more space
Seeking a lifestyle or neighborhood change
Waiting for the right opportunity or pricing

This aligns with what we are seeing in real time, where buyers are motivated, but intentional.

Inventory Remains Low, Despite Expectations

Many of you noted that more inventory would increase confidence in making a move, and we agree.

Inventory is projected to increase by approximately 3% in 2026
However, we have not seen that increase materialize yet
Demand continues to outpace available homes

This creates a window where sellers may benefit from less competition and strong buyer interest.

Interest Rates Are Still a Factor

Interest rates remain an important part of the conversation.

Rates are currently lower than this time last year
There is an expectation that rates may decrease further as the year progresses

For buyers, this creates an opportunity to enter the market with the potential for improved financing conditions over time.

A Strategic Window for Sellers

With limited inventory and steady demand, this can be a strategic time to consider selling.

Well-prepared homes are attracting strong interest
Buyers are ready to act when the right property becomes available
Proper pricing and presentation continue to make a meaningful difference

If you have been considering selling, even casually, this environment may offer a unique advantage.

Navigating a Sell-to-Buy Move

One of the most common scenarios we are helping clients with right now is selling a home while purchasing the next one.

We are actively guiding clients through:

Aligning timing between both transactions
Structuring terms that create flexibility
Identifying opportunities both on and off the public market

This approach allows clients to move with more clarity and confidence, even in a competitive market.

You can learn more about how we approach this process here.

Busby Group Perspective

Your feedback reinforces what we see every day. The market is active, but strategy matters more than ever.

With over $1B in career sales, we combine data, experience, and a hands-on approach to help our clients navigate each decision with clarity.

If you are thinking about buying, selling, or simply want to better understand your options, we are always happy to connect and create a plan tailored to your goals.

Contact US