This week’s Chicago news relating to the real estate industry.

Need news in a flash? Here’s what’s happening in your community.

According to the Re/Max Luxury Report on Metro Chicago Real Estate, luxury sales overall are slower than they were in the first quarter of 2015, but there are still a few glimmers of hope, including an increase in median sales price.

Chicago ranked no. 7 in a recent Trulia report on the nation’s fastest moving housing markets. Chicago saw a 6.5 percent dip in the number of homes staying active after 30 days in April, or about 62.5 percent of homes.

Wicker Park’s Division Street is changing with new developments, with one of the street’s most recently finished buildings at 1819 W. Division being recently purchased by Randolph Street Realty Capital LLC for $14.295 million. The four-story building features 36 units, 9,000 square feet of ground floor retail and 36 parking spaces

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