RE/MAX Reports that Metro Chicago Housing Market Held Steady in November

The metropolitan Chicago area housing market recorded modest gains in November. Home sales rose just 0.1 percent from the same month last year to 8,028 units, while the median sales price gained 4.7 percent to $225,000, according to an analysis by RE/MAX.

Metro Chicago Sees Faster Home Sales and More Stable Prices in May

According to the latest analysis by Re/Max, real estate sales in Metro Chicago were 23% higher than in May 2011. In addition the average time residential homes spent on the market before finding a buyer fell by 14% to 160 days, while the median sales price increased by 1%.

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