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.
- 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.