Sales of existing homes rose in October
By Mike Nolan email@example.com November 19, 2012 3:32PM
Homes For Sale signs in the Merrionette Park area. Thursday, June 20, 2012 I Scott Stewart~Sun-Times
Sales of existing single-family homes for selected Southland communities.
Chicago Heights: Sales of 13 homes last month, up from 11 sold in October 2011. Median sale price rose 14.6 percent
Country Club Hills: October sales of 24 homes up from 17 a year earlier. Median sale price of $66,750, up 33.5 percent from October 2011.
Oak Lawn: Sales of 45 homes last month, up from 30 in October 2011. Median sale price dipped 3.6 percent to $158,500.
Orland Park: October sales of 34 homes up from 21 a year earlier. Median sale price of $274,950, up 12.2 percent from a year earlier.
Tinley Park: Sales of 28 homes last month, up from 19 in October 2011. Median sale price rose 13 percent to $199,500.
Organization of Realtors
Updated: December 21, 2012 6:15AM
Home sales in the Chicago metro area shot up by 44 percent last month compared with October 2011, and the median sale price edged up as well, the Illinois Association of Realtors reported Monday.
Sales of 8,326 existing single-family homes and condominiums in October compared with sales of 5,776 homes for the same month a year earlier. The median sale price last month was $153,000, up from $149,900 in October 2011, the association said.
The association noted that the median sale price has been inching up since February, when it was $135,000. The group said that was the lowest median price ever recorded by the association since it began keeping track in 2004.
In the Chicago suburbs, October sales climbed 44.6 percent last month compared with October 2011, according to the Mainstreet Organization of Realtors. The median sale price increased 0.6 percent, according to the organization, which represents real estate agents in several south and southwest suburbs.
The organization’s president, Tonya Corder, credited affordable home prices and low interest rates with boosting home sales.
“We are actually back to the point where we are seeing multiple offers on properties,” said Corder, a broker with Keller Williams Preferred Realty in Orland Park.
Nationally, sales of existing single-family homes and condos last month rose nearly 11 percent compared with October 2011, the National Association of Realtors reported.