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RE/MAX reports strong home sales activity

Published: Tuesday, Feb. 19, 2013 6:56 a.m. CDT

CHICAGO — The pace of January home sales in the seven-county metropolitan Chicago real estate market continued the positive trend seen over the last nine months, according to an analysis by RE/MAX.

Compared to the results of January 2012, this January saw the number of homes changing hands rising 36 percent more than in January of last year, while the median price moved up three-tenths of a percent to $140,400.

Looking at data on home sales recorded by Midwest Real Estate Data, LLC, the regional multiple listing service, RE/MAX reports that January home sales totaled 6,141 units, up from 4,509 units a year ago.  

“The absolute number of homes sold in January tends to be relatively modest in relationship to other months, but the 36 percent year-over-year increase suggests that the rebound in housing activity is maintaining, if not increasing, its momentum,” said Laura Ortoleva, media spokesperson for the RE/MAX Northern Illinois real estate network.

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