DataMarkets & Economy

Re/Max reports Chicago home sales climbing in west, north suburbs

Re/Max report determined housing market trends in the seven counties of the Chicago metro area
  • The seven-county Chicagoland area saw a 7 percent annual increase in total sales for the first half of 2016, with the biggest gain happening in Kendall County.
  • Will County had the smallest increase of home sales, at 3 percent for the first half of the year.
  • The median sales price in the Chicago metro reached its highest point in the first half of the year since 2008.

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The first half of 2016 was a promising one for Chicagoland real estate, with gains in prices and home sales compared with last year. According to a report released by Re/Max in late July, the seven-county Chicago metro area saw a combined 7 percent gain in 2016 sales year-to-date. Using data collected by Midwest Real Estate Data (MRED), Re/Max looked at home sale trends, prices and inventory in Cook, DuPage, Kane, Kendall, Lake, McHenry and Will counties and the city of Chicago for the first six months of 2016. Leading the charge in home sales numbers was Kendall County, according to the report, which saw an 18 percent year-over-year increase in total sales in the first half of the year. McHenry¬†County wasn't too far behind, with a reported 11 percent increase. Kendall County saw a whopping 26 percent rise in attached home sales.   Will County¬†saw the smallest increase in home sales, at 3 percent annually; the city of Chicago itself just saw a sliver more, at...