median sales price

Despite Split Personality, Metro Chicago Housing Market’s Overall Results for May Were Similar to Last Year, RE/MAX Reports

CHICAGO/ June 14, 2018 (STLRealEstate.News) — Overall results for May in the metropolitan Chicago housing market were something of a repeat, closely echoing the numbers recorded in May 2017, RE/MAX reports. At the same time, the market has become increasingly divided due to a shortage of homes priced below $550,000. Total home sales in the … Continue reading Despite Split Personality, Metro Chicago Housing Market’s Overall Results for May Were Similar to Last Year, RE/MAX Reports

Metro Home-Price Growth Quickens to 5.7 Percent in the First Quarter

WASHINGTON/ May 14, 2018 (STLRealEstate.News) — Inventory levels hovering at all-time lows weighed down home sales and fueled faster price appreciation during the first three months of the year, according to the latest quarterly report by the National Association of Realtors®. The national median existing single-family home price in the first quarter was $245,500, which … Continue reading Metro Home-Price Growth Quickens to 5.7 Percent in the First Quarter

RE/MAX Luxury Report on Metro Chicago Real Estate: $1 Million-Plus Housing Market Strengthened in 2017; Sales Gained While Inventory Fell

ELGIN, Ill./ February 03, 2018 (STLRealEstate.News) –The market for $1-million-plus homes in the seven-county metropolitan Chicago area showed solid improvement in 2017. According to the year-end edition of the RE/MAX Luxury Report on Metro Chicago Real Estate, sales rose 9.7 percent to 2,658 homes, while inventory levels moderated, falling 15.3 percent. The median sales price … Continue reading RE/MAX Luxury Report on Metro Chicago Real Estate: $1 Million-Plus Housing Market Strengthened in 2017; Sales Gained While Inventory Fell

Chicago-Area Home Sales Reached 11-Year Peak in 2017, but Registered Only Modest Gain Over Prior Year, RE/MAX Reports

ELGIN, Ill./ January 20, 2018 (STLRealEstate.News) –Home sales in the seven-county metropolitan Chicago area reached an 11-year peak in 2017, with 116,081 properties changing hands, the most since 2006 but only 1.3 percent more than in 2016, RE/MAX reports. The median sales price for the metro area in 2017 was $236,000, up 4.9 percent from … Continue reading Chicago-Area Home Sales Reached 11-Year Peak in 2017, but Registered Only Modest Gain Over Prior Year, RE/MAX Reports