RE/MAX Analysis Shows Housing Market Recovery in Chicagoland
Home sales activity in 2012 up 27 percent in Lake County, 28 percent in Cook County.
Housing Market
Browse By
-
Related Topics
-
Trending Topics
Monday, February 11, 2013
Saturday, August 18, 2012
Area Home Sales Up in July
Sale of homes in the Chicago area increased 29 percent in the past year according to RE/MAX.
Home sales in the seven-county metropolitan Chicago real estate market continued to show improvement in two important respects, according to an analysis by RE/MAX. Sales of detached and attached homes increased an impressive 29 percent in July, compared to the same month in 2011, with a total of 8,490 homes changing hands. At the same time, the average number of days that homes sold in July spent on the market before a sales contract was signed fell to 141 days from 166 days a year ago. That 141 day average is the lowest recorded for the metro market during any month since December 2007. The median sales price of a home sold in the metro-Chicago market during July fell 6 percent to $173,125 from $184,000 in July of last year. The RE/MAX…
