AgentMarkets & Economy

Mainstreet Association of Realtors reports a sunny December for Chicago real estate

Hyperlocalized Chicagoland results show good sales, strong median price
Published on Jan 26, 2016
  • The suburban Chicago market did well in December, according to a local association.
  • Numbers from a suburban group such as this one point to the ways that pockets of a large metro's market can stand far apart from the rest of the region.

  • The Mainstreet Association of Realtors represents more than 200 communities in Dupage, Lake and suburban Cook counties.

An association of Realtors in the Chicagoland area tallied results for the area’s 2015 business, and the picture was rosy for Chicago suburbs real estate. The Mainstreet Association of Realtors, or MORe, represents more than 200 communities in Dupage, Lake and suburban Cook counties. Numbers from a suburban group such as this one point to the ways that pockets of a large metro's real estate market, like Chicago's, can stand far apart from the rest of the region.For MORe-affiliated folks, the year ended on a high note, with a full year of growth in the market.For December 2015, all the key numbers lifted.A greater number of houses sold, 5.4 percent more to be exact. The median sales price for suburban Chicago real estate upticked by more than 11 percent.Apparently a lot of Chicago suburbanites in communities served by MORe-affiliated agents found house keys in their stockings. Even though it was December, there was a more than 18 percent increase in the numb...

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