What is going on with Chicago real estate?

Chicago has a batshit-crazy seller's market right now:

In the month ended Feb. 15, a little more than 24% of all homes listed in the Chicago area went under contract within two weeks, according to Redfin. That's by far the highest proportion of quick contracts since the expiration of the pandemic-era housing boom.

In all the time since January 2023, Redfin's data show two-week contracts generally staying below 15% and often below 10%, except for March 2025 when the figure hit a recent-years high of 17.2%. That's a full one-third fewer fast contracts than have been inked this past month.

It's entirely possible Inner Drive Technology's World HQ might relocate soon...