Luxury Home Sales Accelerate and Broaden

CHICAGO—Homes across the metro region have started selling at a quicker pace this year, and that includes those selling for $1 million or more. In fact, these luxury sales in Chicagoland reached a post-Great Recession high during the second quarter. Furthermore, the sales are no longer just occurring in the wealthiest enclaves and have spread over a much wider geographic area, according to the quarterly RE/MAX Luxury Report on Metro Chicago Real Estate.

The company pegged second quarter luxury sales at 737 units, 20% more than during the same period last year and the most second-quarter sales since RE/MAX began tracking the data in 2009.