Selling time continues to drop for the Chicagoland suburbs

New data shows time on the market in the suburbs reached a low of 83 days on average
  • Time on the market in the Chicago suburbs has dropped every month so far this year, reaching 83 days in August.
  • Homes in Schaumburg moved faster, at 45 days on the market on average.
  • Median sale price increased 6.5 percent year-over-year in the Chicagoland suburbs, to $244,975 in August.

Empty nesters looking to downsize or families looking to trade up in the Chicagoland suburbs, take note: Every month this year, homes spent less time on the market compared to the year prior, according to data from The Mainstreet Organization of Realtors (MORe).