CHICAGO—Homes sales in the Chicago region have recovered from the slowdown seen last year. Rivaling numbers not seen since before the recession, RE/MAX Northern Illinois reports that in June 2015 it posted its highest monthly closed-sales-volume numbers for the region since 2007. June ended with over $1.06 billion sold; marking the first time monthly sales eclipsed the 10-figure mark in eight years.
RE/MAX Northern Illinois' officials say that they are 15% ahead of 2014's sales figures, a total of nearly half a billion dollars in closed sales volume. The year to date has also seen the company post a 17.5% increase in completed transactions.
“The continued strengthening of the market across northern Illinois is benefiting both buyers and sellers,” says Jim Merrion, regional director of the Elgin, IL-based RE/MAX Northern Illinois real estate network. “Home values have increased, and mortgage rates have remained low, allowing both parties to take advantage of the current market conditions.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
