Of 100 big U.S. cities in the annual forecast Realtor.com released in late November, Chicago is expected to have the 84th-strongest residential real estate market in 2018, far better than this time last year, when Chicago placed dead last out of 100.
The forecast sees Chicago-area home prices rising by 2.57 percent during the year, up from last year’s forecast, for a 1.9 percent increase. The improved forecast shows that “we see room for more price growth in Chicago,” Vivas said.