chi-dupage homes (2) Homes in DuPage County, such as this attached dwelling in Wheaton, saw the biggest October gains.

ELGIN, IL—The metro Chicago residential real estate market shook off the constraints posed by a dwindling inventory of homes for sale to post modest gains in October, RE/MAX reports. Compared to the same month last year, sales rose 2.7% to 8,931 units in the seven-county metro area, and the median sales price gained 2.3% to $224,000 despite a 9.2% decline in properties listed for sale.

The average time a home sold in October spent on the market before finding a buyer fell to 74 days from 83 days one year earlier. It is the shortest average market time for October since RE/MAX began tracking that data in 2005.

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