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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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