Northern Illinois Real Estate – Home Sales Jump Another Month

Shortsale in Volo IL

Shortsale in Volo IL

There has been a rise in home sales for the second consecutive month for the Chicagoland area. After the market has continued to decline there was an increase of almost 28% in August

July sales increased by about 19% in the chicagoland area including nine-county Chicago areas: Lake, Dupage, Kane, Cook, DeKalb, Will, Kendall, McHenry and Grundy counties. July’s home sale increase was the first since June of 2010.

We are still in a strong buyers market. Interest rates are low, prices are low and maybe lowest. We may have hit bottom, time will tell. First time home buyers and investors are what we are seeing most now. Some of the home buyers are buying inspite of the uncertainty of the economy and job situation.

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Posted By: Julie Anne – The Julie Anne Real Estate Team at Keller Williams Success Realty
Northern Illinois Real Estate Agent – Barrington – Deer Park IL Real Estate Expert and surrounding areas
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