Chicago counties flourished in spring, says Re/Max

It's going to be a hot summer for home sales
  • A total of 11,616 homes sold in the Chicago metro area in May.
  • Median sales price increased to $235,000 in Chicagoland.
  • Homes sold were on the market for an average of 87 days, down from 94 days last year.

Spring was kind to Chicago’s housing situation, and the momentum is continuing into the second half of the year, according a recent market report from Re/Max Northern Illinois. The report shows tightening inventory in May meant homes stayed on the market for less time, and people were eager to buy them.