Southland home sales up almost 28 percent in ‘12
By Mike Nolan firstname.lastname@example.org January 22, 2013 5:42PM
Home sales rose in the Southland last year.
2012 Home Sales
Sales of existing single-family homes in 2012 and comparisons with 2011 for selected Southland communities:
Chicago Heights — Sales last year rose nearly 35 percent to 217 homes, and the median sale price was up 6.3 percent, to $45,000.
Country Club Hills — Sales of 204 homes last year were up 14 percent from 2011; median sale price up 0.4 percent to $69,250.
Homewood — Sales rose 39.5 percent last year to 212 homes; median price down 18 percent to $104,800.
Matteson — Sales of 229 homes up 37 percent from 2011; median price up 1.6 percent to $125,000.
Oak Lawn — Sales jumped 37.4 percent to 448 homes; median price down 3.1 percent to $155,000.
Orland Park — Sales of 325 homes were up 15.3 percent from 2011; median price down 3.3 percent to $267,000.
Tinley Park — Sales rose nearly 32 percent to 279; median price up 2.5 percent to $205,000.
Source: Mainstreet Organization of Realtors
Updated: February 24, 2013 6:25AM
Sales of existing single-family homes in the south and southwest suburbs jumped nearly 28 percent last year compared with 2011, and the Southland did slightly better than Chicago’s suburbs overall, the Mainstreet Organization of Realtors reported Tuesday.
Last year’s total of 8,212 homes sold compared with sales of 6,426 in 2011. Last year’s total was the highest since 2006, when 10,913 homes were sold, according to the group.
The median sale price in the region last year was $118,000, down 1.7 percent compared with 2011, the organization said. Just a handful of area communities posted year-over-year gains in median sale prices, while the majority of suburbs continued to see prices slide, according to Mainstreet data.
Overall, suburban home sales were up 26.4 percent last year compared with 2011, the group said.
For the metro area as a whole, sales of 90,365 existing single-family homes and condominiums represented a 26.7 percent increase compared with 2011, according to the Illinois Association of Realtors. The median price dipped 1.5 percent, to $160,000.
Nationally, sales of existing homes increased 9.2 percent, to 4.6 million, and the median sale price was $176,600, up 6.3 percent from 2011, according to the National Association of Realtors.