Shorewood Home Sales Rise 40% as Chicago Area Hits Six-Year High
Shorewood's real estate market leapt forward in September as the bulk of the Chicago area saw a bump in year-over-year comparisons.
Home sales in the Chicago area during September were at a six-year high, according to a recent RE/MAX report—and most of Kendall and Will counties saw a similar boost.
Shorewood saw one of the greatest increases in the area, with the number of homes sold increasing 40 percent in Sept. 2012 over Sept. 2011, according to the Mainstreet Organization of Realtors (MORe). The average price of those homes sold dropped 5.5 percent year over the year.
Bolingbrook's market was the most sluggish, with the number of homes sold falling 25.9 percent in Sept. 2012 compared to Sept. 2011.
Across the Chicago area, the number of homes sold in September rose by 22 percent over Sept. 2011, according to RE/MAX. At 7,396 transactions, it was the busiest September for home sales since 2006.
“We continue to see good news in the Chicagoland housing market,” said Laura Ortoleva, media spokesperson for the RE/MAX Northern Illinois real estate network. “Sales are up, average days on the market continue to drop and home prices are stabilizing. These are trends everyone likes to see.”
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Source: Mainstreet Organization of Realtors