Market Continues Strong
Moving into and through summer 2015, Illinois, Chicago and North Shore home sales saw a June surge of 12.5 percent higher than last year while median prices also saw strong gains, according to the Illinois Association of REALTORS®.
The time it took to sell a home in June averaged 63 days statewide, down from 68 days a year ago and faster than 72 days last month. Available housing inventory remained tight with 70,999 homes for sale, a 6.9 percent decline from June 2014 when there were 76,287 homes.
In addition, sixty-one (61) counties recorded median price gains in June 2015 over previous-year numbers, including Cook County, up 9.2 percent and Lake County, up 14.0 percent. “Sellers keep reaping the rewards of a market that has continued to see median prices edge higher every month this year,” said Jim Kinney, ABR, CRB, CRS, GRI, president of the Illinois Association of REALTORS®. “A decrease in the number of days it takes on average to sell a home in Illinois shows that buyers are undeterred by the steady upward tick in prices.” Consumer interest remains keen, as shown by the month-over-month increases in sales recorded since February and the relatively short time it is taking to sell a home.
Specializing in Chicago’s North Shore area, feel free to give me a call with any of your questions.
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Marina Jacobson
Broker, SFRDirect: 847-510-5009
Cell: 847-361-5605
Fax: 847-510-5109
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