Home Sales on Track for Solid Autumn

CHICAGO—The state’s housing market ended the summer with moderate gains in both home sales and median prices, according to the latest data from the Illinois Association of REALTORS®. And experts say the data show that in both the fall and coming year the market will sustain this steady rate of growth.

“We’re not processing as many distressed properties,” Jim Kinney, president of the state association of realtors and vice president for luxury sales for Baird & Warner in Chicago, tells GlobeSt.com. And the number of mid-priced and luxury homes sold has increased, boosting prices. “Sales have held steady since June and we will probably see that continue.”