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News & trendsMarket conditions

Million-dollar sales up 21% in Chicago through April

1520 W George

The following market update arrived via a news release from RE/MAX Northern Illinois: The Chicago-area luxury home market continued to gain ground over the first four months of 2014. After getting off to a fast start in January and February, the market for homes selling for $1 million or more in the metropolitan Chicago real ...

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Posted by Joe Zekas on May 30, 2014
News & trendsMarket conditions

Million dollar home sales up 40% year-over-year

2700 N Paulina Chicago

The following market update arrived via a news release from RE/MAX Northern Illinois: Winter winds and frigid thermometer readings couldn’t cool the activity level in the luxury home segment of the metropolitan Chicago real estate market during the first two months of 2014. Compared to the same period in 2013, the number of $1 million-plus ...

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Posted by Joe Zekas on March 20, 2014
News & trendsMarket conditions

Metro-Chicago sales down, prices up in February

RE/MAX data

The following market update arrived via a news release from RE/MAX Northern Illinois: Residential sales in the seven-county metropolitan Chicago real estate market during February followed a pattern similar to that established in January, with prices rising but the pace of sales slowing when compared to the same month last year, according to an analysis ...

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Posted by Joe Zekas on March 14, 2014
News & trendsMarket conditions

January home sales slumped, prices rose in Chicago metro

RE/MAX data

The following market update arrived via a news release from RE/MAX Northern Illinois: Compared to the results for January 2013, the median sales price of all attached and detached homes rose 18 percent last month to $165,000, while the number of homes changing hands dipped 8 percent to 5,709 units. The average number of days ...

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Posted by Joe Zekas on February 14, 2014
News & trendsMarket conditions

Chicago-area sales, prices rise in December

RE/MAX December sales data 2013

The following market update arrived via a news release from RE/MAX Northern Illinois: During the final month of 2013, home sales in the seven-county metro Chicago real estate market totaled 8,053 units, 9 percent more than during the same month last year, while the median sales price was $178,000, an impressive 17 percent higher than ...

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Posted by Joe Zekas on January 17, 2014
News & trendsMarket conditions

Metro Chicago home prices continued to rise in November

RE/MAX November sales data

Home values in the seven-county metro Chicago real estate market extended their upswing in November, according to an analysis by RE/MAX, based on sales data gathered by MRED LLC, the regional multiple listing service. According to RE/MAX: The median sales price of all attached and detached homes closed in November was $170,000, a 10 percent ...

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Posted by Joe Zekas on December 17, 2013
News & trendsMarket conditions

Chicago home sales spiked higher in April

Wilmette sidewalk sale

The following market update arrived via a news release from RE/MAX Northern Illinois: After months of making steady progress, the housing recovery in the seven-county metropolitan Chicago real estate market kicked into a higher gear in April, according to an analysis by RE/MAX. Compared to the previous April, total sales of attached and detached homes ...

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Posted by Joe Zekas on May 16, 2013
News & trendsMarket conditions

Metro Chicago home sales leap 26% in first quarter

Aerial downtown Chicago

The following market update arrived via a news release from RE/MAX Northern Illinois: Home sales completed in the seven-county area during the quarter totaled slightly more than 20,000 units, 26 percent more than were sold during the same three-month period last year. “Home sales are accelerating and prices are stabilizing or even increasing in many ...

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Posted by Joe Zekas on May 1, 2013

Metro Chicago home prices, sales volume up and days-on-market down

Elmhurst quarry

The following market update arrived via a news release from RE/MAX Northern Illinois: Home sales and prices were higher in February in the seven-county metropolitan Chicago real estate market, according to an analysis by RE/MAX. The number of homes changing hands increased 21 percent and the median price of a home sold last month climbed ...

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Posted by Joe Zekas on March 14, 2013
News & trendsMarket conditions

Chicago October home sales volume up 50% year-over-year

Grant Park, Chicago

The following market update arrived via a news release from RE/MAX Northern Illinois: The seven-county metropolitan Chicago real estate market delivered a strong performance in October, with 43 percent more homes changing hands than in the same month last year. The increase in sales activity was especially pronounced in Cook County and the City of ...

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Posted by Joe Zekas on November 15, 2012
News & trendsMarket conditions

Metro Chicago third quarter sales volume highest since 2007

Chicago skyline from afar

The following market update arrived via a news release from RE/MAX Northern Illinois: The residential segment of the metropolitan Chicago real estate market extended the upswing experienced in the first half of 2012 through the third quarter, registering the largest number of third-quarter home sales since 2007. According to an analysis by RE/MAX, home sales ...

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Posted by Joe Zekas on October 26, 2012
News & trendsMarket conditions

Chicagoland home sales volume up 22 percent in March

Mill Creek, Geneva

The following market update arrived via a news release from RE/MAX Northern Illinois: A RE/MAX analysis of March home sales activity in the metropolitan Chicago real estate market indicates that the marked increase in home sales activity seen in recent months is beginning to have a positive impact on home prices. According to RE/MAX, combined ...

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Posted by Joe Zekas on April 17, 2012
News & trendsMarket conditions

Chicago-area home sales up 26 percent over last February

Downtown Woodstock

The following market update arrived via a news release from RE/MAX Northern Illinois: Home sales activity in the metropolitan Chicago real estate market continued to accelerate in February, posting its strongest increase in six months. There were 4,760 closed sales in the seven-county area during the month, 26 percent more than during February of last ...

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Posted by Joe Zekas on March 16, 2012
News & trendsMarket conditions

Chicago’s collar counties lead January home sales surge

Lakefront home

The following market update arrived via a news release from RE/MAX Northern Illinois: Home sales in the seven-county metropolitan Chicago real estate market continued their upward momentum in January, led by strong sales gains in five of the collar counties, according to an analysis by RE/MAX. Home sales for the month totaled 4,433 and were ...

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Posted by Joe Zekas on February 14, 2012