Archive for Chicago home sales

February Sales Down but Weather and Inventory Can’t Drag Prices Down

The Illinois Association of Realtors just released their numbers from February. Weather and low inventories continued to provide hardships for both buyers and sellers, and pushed overall sales down 6.2 percent from the previous year, but sales prices increased by 6.9 percent statewide. Increasing home prices should prove attractive to homeowners who may have hesitated [Read More]

March 24, 2014 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, City of Chicago, Economy, Economy AOI

Chicago-area Home Sales Rise 9.6 Percent from Last October

Home sales and median prices in the Chicago area continued to beat year-ago comparisons in October, and the time it took to sell a home plunged as a result of a lack of inventory.

November 24, 2013 | Author: Chicago Tribune | Comments: Comments Off on Chicago-area Home Sales Rise 9.6 Percent from Last October | Categories: Chicago Real Estate News, City of Chicago, Economy AOI

Chicago Homes Sales, Prices Continue Gains in June

The Chicago-area’s housing market continued its recovery last month, as a steep drop in inventory continued to push June prices up to levels not seen in at least three years. Sales of existing single-family homes and condominiums in the nine-county Chicago area last month totaled 11,103 properties sold, at a median price of $206,000, the [Read More]

July 26, 2013 | Author: Chicago Tribune | Comments: Comments Off on Chicago Homes Sales, Prices Continue Gains in June | Categories: Chicago Real Estate News, City of Chicago, Economy, Economy AOI, New Homes

Chicago and Illinois Home Sales Rising

According to the Illinois Association of REALTORS®, Illinois home sales rose by 24.4 percent year-over-year in May and median home prices increased 6.9 percent. Statewide home sales, including both single-family homes and condominiums, totaled 15,091 homes sold in May 2013, up from 12,130 in May 2012. This marks the strongest May since 2006, when 17,622 [Read More]

June 26, 2013 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, City of Chicago, Economy, Economy AOI

Chicago Real Estate Enjoys Busiest March in Five Years

March was a real winner for Chicago real estate with nearly 1,900 existing single-family homes and condominiums sold; this makes it the busiest March since the boom times of 2008, according to the Chicago Tribune. And, while sales are rising, so are prices. Prices have experienced a 9 percent rise from last year, meaning the [Read More]

May 03, 2013 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Condos, Economy, Economy AOI, Featured, Single Family Homes

January a Great Month for Chicago Home Sales

According to RE/MAX, January home sales in the seven-county Chicago metro area rose 36 percent from January of 2012. Home prices are also rising in several Chicago-area counties and homes are spending less time on the market. “The absolute number of homes sold in January tends to be relatively modest in relationship to other months, [Read More]

2012 A Great Year for Housing Affordability

We recently reported that national home sales reached their highest level since 2007. Now, in more good news, it turns out that 2012 was a solid year for housing affordability, too. According to the National Association of Realtors (NAR), the overall yearly Housing Affordability Index was a strong 194, an increase from the 2011 index [Read More]

February 23, 2013 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Economy, Single Family Homes
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