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Chicagoland homes hit median sales price of $350K in June - Chicago Agent Magazine Associations

Chicagoland homes hit median sales price of $350K in June
by Timothy Inklebarger
July 25, 2021
Typical Midwest USA city suburbs (Chicago in this case) neighborhood on a nice early fall day.
The median price of a single-family home in Chicagoland was up 22.8% year over year in June, reaching a sticker price of $349,900, according to the Mainstreet Organization of REALTORS® (MORe).
It’s a record high, as was the median sales price of attached homes at $205,500, which is year-over-year increase of 15.3%.
MORe noted that National Association of Realtors Chief Economist Lawrence Yun says to expect continued price gains across the nation for the next few months. Though he predicts price declines will be small and short lived, Yun advises that the market will begin to cool by the end of the year and into 2022. ....

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Northern Illinois real estate market shows no signs of slowing

Northern Illinois real estate market shows no signs of slowing
There is so much appetite to buy homes in our area right now that inventory can barely keep up, MORe CEO John Gormley said
Courtesy of Mainstreet Organization of Realtors

Updated 2/18/2021 4:11 PM
The strong growth seen in the Chicagoland housing market in 2020 continued in January, according to statistics released today by the Mainstreet Organization of Realtors (MORe).
Detached single-family home sales rose 18.9% in January 2021 compared to January 2020, and median sale price rose by $45,100, from $249,900 to $295,000.

Attached homes also saw gains, with 25.3% growth in the number of homes sold in January and an $11,250 gain in the median sale price, from $165,000 last January to $176,250 in January 2021. ....

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