Luxury Home Sales Accelerate in Chi. Metro


Stay ahead in Chicago! Sign up for GlobeSt.com’s to get our Chicago AM Alert delivered to your inbox daily.

This home in suburban Hinsdale closed in mid-January for $1.599 million. The listing agent was Linda Feinstein of RE/MAX Signature Homes in Hinsdale.

CHICAGO—Sales of homes priced at $1 million or more in the metropolitan Chicago real estate market accelerated in 2015, while their median sales price declined slightly, according to a new quarterly report by RE/MAX. The firm analyzed all data compiled by MRED, the regional multiple listing service, on $1-million-plus home sales in the seven-county metro area.

There were 2,353 luxury home sales in 2015, 8% more than in 2014. The median sales price was $1.34 million, 1% less than in 2014. And the time required to find a buyer for those luxury properties rose slightly to 135 days from 131 days in 2014…

Luxury Home Sales Accelerate in Chi. Metro

Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.