Monday, October 21, 2013

Chicago Home sales up nearly 26% in September!

Home sales up nearly 26% in September!


Chicago-area home sales continued their rebound last month, posting the most active September since 2005.

In the nine-county area, 9,583 homes sold last month, down from 11,771 sales in August but up 25.6 percent from 7,629 sales in September 2012, the Illinois Association of Realtors said today.

The total marked the best September since 2005, when 12,073 homes sold. And it was the 27th consecutive month that local home sales rose year over year.

The average listing time for area homes also fell, to 61 days in September compared with 83 days in September 2012.

“September homebuyers showed they were not going to be deterred by slight interest rate increases or the possibility of a federal government shutdown,” Illinois Association of Realtors President Phil Chiles and broker-associate at the Real Estate Group in Springfield, said in a statement.

In the city of Chicago, 2,352 homes sold last month, up 23.4 percent from 1,906 sales during the same period last year.

The Realtors group's sales figures include new and existing homes. Its nine-county Chicago area consists of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will counties.


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