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Chicago Housing Market Blooms in March

CHICAGO—Strong demand and an expanding inventory of homes for sale has helped boost 2015 home sales over 2014 levels.

By Brian J. Rogal | Updated on April 17, 2015

CHICAGO—After a relatively tough 2014, the metro Chicago housing market bloomed in the past several weeks as warmer weather returned. March home sales activity hit its highest level since 2006, according to an analysis by RE/MAX. In the seven-county metro area, a total of 8,078 home sale transactions were closed in March, 13% more than the 7,169 sales in March of last year and slightly more than the 8,057 sales transactions recorded in March 2007.

RE/MAX officials based their analysis on sales data gathered by MRED LLC, the regional multiple listing service.

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