• SSMMA

Housing market heats up in Chicago area with July sales up 36.1%

The Chicago area housing market is once more a safe place for sellers.

The Illinois Association of Realtors said Wednesday that Chicago-area home sales and median prices rose in July amid a sharp decline in available properties.

In the nine-county Chicago region, sales in July rose 36.1 percent from the same month last year to 11,897, the Realtors said. The total includes single-family homes and condominiums and was the highest monthly figure in seven years, since before the housing crash…

A check of suburban data furnished by the Chicago Association of Realtors showed substantial increases in many larger towns for both sales totals and median prices in July.

Active Cook County markets included Des Plaines, Niles, Park Ridge and Streamwood in the northern suburbs; Brookfield, Maywood and Melrose Park in western suburbs; and Calumet City, Lansing and Orland Park in southern suburbs…Please click here to read  David Roeder’s full story in the Southtown Star.

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