Relatively unchanged home sales activity in the seven-county Chicago metro has done little to halt median sales price growth. According to RE/MAX Northern Illinois, during October home sales volume within the metro dropped by 1 percent on a year-over-year basis. At the same time, the median sales prices of a home rose by 8 percent year-over-year to $201,400. This represents the 33rd straight month where the median sales price in the metro has been higher than the same month one year earlier.
- The metro's supply of attached homes is considered low.
- Cook County accounts for more than half of the metro's sales activity.
- With some transactions pushed back to this month, the metro's November sales figures could be up on a month-over-month basis.
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Give yourself the tools to own the new year at Connect SF, July 17-20, 2018