My Real Estate Blog

August makes the third straight month of year-to-year increases, according to the Mainstreet Organization of Realtors (MORe). MORe measures activity on homes in about 120 southern and western suburban communities in Chicagoland.

Standouts in the south suburbs for number of homes sold were Chicago Heights (92% increase from a year ago); County Club Hills (64%); Evergreen Park (73%); Lemont (100%); and Oak forest (64%).

In DuPage County homes sales were highest in Addison (225% increase from a year ago); Downers Grove (36%); Glendale Heights (170%); Lombard (100%); and Villa Park (57%).

Exceptional home sale activity was posted in the western Cook communities of Brookfield (183%); Burbank (100%); Westchester (171%); and Western Springs (90%).

In addition, the number of homes under contract (but not yet closed) in the West and South Suburban Chicago area was 52% higher than a year ago, the ninth straight month of year-to-year growth in pending sales.

Good news for the Chicago market.