RE/MAX Says Home Sales Gradually Rising in Chicago Collar Counties
November home sales in the Chicago area show signs of stability, according to sales statistics issued by one real estate company.
Home sales activity in the metropolitan Chicago real estate market during November delivered another indication that a gradual increase in the number of homes changing hands is beginning to help stabilize home prices, according to an analysis by RE/MAX of sales statistics gathered by Midwest Real Estate Data, LLC. November home sales in the seven-county metro area totaled 5,408 units, 19 percent more than a year ago. Compared to sales in the prior month, November transactions were down 6 percent, a favorable result when considering that the average decline in sales from October to November during the prior five years was 13 percent. The median home sales price in the Chicago area for November was $150,000, 14 percent lower than in …
