Home Sales Drop in La Grange, LG Park During June

The 14 detached, single-family homes sold in La Grange Park during June represented a 30 percent decrease from June 2012, when 20 homes were sold, according to the Mainstreet Organization of Realtors (MORe).

Home sales also dropped slightly in La Grange year-over-year, down to 20 from 22.

The median price of homes sold in June also decreased in La Grange Park compared to last year, down 11 percent to $262,500 from $295,000 in June 2012. La Grange home prices increased 2.7 percent. 

The market for detached, single-family homes in suburbs throughout west Cook County was a mixed bag in June, with some big jumps and other neighborhoods that were stagnant. MORe reported. MORe gets its statistics from Midwest Real Estate Data.

In the near west suburbs, River Forest saw the largest percent increase in sales, with 91.7 percent more homes sold year over year in June. It also had the highest percentage increase in median price, up 32 percent.

The momentum is expected to continue as the number of detached homes under contract in June grew by 36.5 percent in those same communities. The median sale price for detached homes also increased 9.5 percent from the previous June, marking the fourth month in a row of year-over-year price growth.

 “A slow and steady growth in home prices, combined with more properties coming on the market, is creating ideal conditions for both buyers and sellers,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “Buyers especially should look to act soon to lock in today’s low interest rates.”

Source: Mainstreet Organization of Realtors