"In a housing market defined by high mortgage rates and tight inventory, the very top of the market is still moving-sometimes at jaw-dropping prices."
"In Chicago, IL, recent sales show just how much buyers are willing to pay for location, scale and exclusivity."
"Below are the most expensive home sales in Chicago, IL, highlighting properties that commanded the highest prices:"
High mortgage rates and tight inventory constrain much of the housing market. The very top of the market remains active and commands jaw‑dropping prices. Recent Chicago sales demonstrate buyers' willingness to pay steep premiums for prime location, expansive scale, and strict exclusivity. Luxury buyers pursue properties with unique attributes and rare positions that are scarce under current inventory conditions. As a result, select Chicago properties have achieved the highest sale prices despite broader market headwinds and limited buyer pools. Concentrated demand at the top end produces headline transactions and sustains pricing power for exceptional homes.
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