Why New Construction Isn’t Selling in Chicago [2025 Update]

Wondering what’s really happening with Chicago new construction real estate? Curious about where the market is headed under the new Trump administration? In this episode of Chicago Home Partner, I sit down with Zev Salomon, Principal at ZSD Development, one of Chicago’s top boutique new construction builders, to dive into the real story behind inventory, buyer demand, and emerging design trends in 2025.

We explore why Chicago’s new construction market is flooded with luxury developments and short on affordable entry-level condos, how buyer psychology has shifted with mortgage rate changes, and what developers like Zev are seeing in terms of momentum, pricing pressure, and political impacts on housing.

🔍 We answer key questions for Chicago homebuyers and first-time buyers:

Why is new construction inventory so inconsistent across price points?
What are today’s buyers really looking for in a new build?
Why are builders focusing more on high-end homes vs. affordable condos?
How has sentiment around mortgage rates shifted since 2024?
What could a second Trump administration mean for Chicago’s real estate sector?

Whether you're a first-time homebuyer in Chicago, an investor looking for insights into urban development trends, or just trying to stay ahead of the market, this conversation is a must-watch. We’re breaking down what matters right now in the Chicago real estate market — and what it all means for you as a buyer.

📞 Have questions or need help navigating the Chicago real estate market? Contact me anytime — I’m here to help you make confident, informed decisions.

👉 Subscribe now for more expert interviews, market updates, and buyer insights: https://bit.ly/3RVAjSy

New Construction Video Chapters:
00:07 - 01:27 - What did New Construction See in 2024?
01:28 - 02:57 - Luxury vs. Affordable Inventory Challenges
02:58 - 04:18 - Condo vs. House Buyer Trends
04:19 - 05:05 - Why is New Construction So Expensive?
05:06 - 06:32 - Political Impacts on New Construction in 2025
06:33 - 08:41 - Mortgage Rates in 2025

CONNECT WITH CHICAGO HOME PARTNER:
Amanda McMillan,
Chicago Home Partner
[email protected]
☎️ 773.537.1300

🟦 About Are you a first-time Chicago homebuyer, homeowner, or real estate investor? Subscribe to our channel for a front-row seat to current Chicago market trends, local influences on home values, financing tips, and strategies for making SMART real estate moves. As the #1 producing agent in the @properties Bucktown, Amanda is a true Chicago real estate maestro. A data enthusiast, Amanda dives deep into local, national, and financial markets to serve as both an educator and ally to Chicago's home buyers and sellers.

CHICAGO REAL ESTATE ACCOLADES: - $50M+ in closed volume annually - Consistently ranked among the Top 1% of Chicago Realtors for volume & transactions - 200+ 5 star reviews on Zillow, Google, and Yelp

Beyond Chicagoland, Amanda's connection with Christie's International Real Estate enables her to assist clients worldwide. Whether you're seeking luxury services, buying or selling for the first time, or investing, Amanda's expertise and support are unparalleled.

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