Chicago home sales take a surprising turn up in August

Statewide home sales made a mad dash into the autumn leaf pile
  • Chicago home sales increased 2.6 percent since August 2015, to 2,770.
  • Total home sales in Illinois climbed 6.7 percent annually, to 16,455.
  • Median home price in Illinois also increased 6.7 percent annually, to $192,000.

The Illinois Realtors report a strong sales month into the fall season. A total of 16,455 sold in August. During the same month in 2015 only 15,415 homes sold. This 6.7 percent increase in home sales is supported by a boost in median home price. The year-over-year growth in median home price of 6.7 percent, also, puts median home prices at $192,000.