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Metro Chicago Home Sales Rebound

CHICAGO—And a steady increase in home values over the last few years has reduced the number of so-called underwater homes.

By Brian J. Rogal | Updated on July 20, 2015

CHICAGO—The regional housing market went through a bit of a letdown in 2014, but in the first half of this year sales in the seven-county metropolitan real estate market rebounded to pre-Great Recession levels. Consumers bought 52,239 units, the most since 2006 and 9% higher than during the first half of 2014, according to RE/MAX.

Home values also continued rising. The median sales price of a home in the metro area climbed 11% during the first half of 2015 when compared to the same period in 2014, coming in at $210,222, the highest median sales price recorded for the period since 2008.

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