Re/Max Northern Illinois says Chicago market continues upward trend

  • Home prices have been rising in the seven-county metro Chicago area for 33 months.
  • Sales rose in four counties and declined in three counties year-over-year.
  • Analysts see unmet demand in the attached homes segment.

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Even though the seasonal slumber in home sales is in full effect, metro Chicago home prices continue to nudge upward. This lift continues a year-over-year trend that’s made sellers and agents smile for 33 consecutive months. In the seven-county Chicago real estate market, October’s median sales price was $201,400, an 8 percent increase over October 2014.