Home Sales Momentum Continues in August, RE/MAX Reports

Kane County sales continue to increase along with others in the seven-county Chicago metropolitan area. Unfortunately, the percentage of distressed homes for sale continues to rise, and the median price of home sales continues to fall.

Home sales in the seven-county metropolitan Chicago real estate market followed a familiar path in August, with more homes changing hands more quickly, according to an analysis by RE/MAX. And Kane County home sales are near the top of the list. August sales of detached and attached homes reached a combined total of 9,145 units, which is a robust 26.5 percent higher than in the same month in 2011 and the highest August sales total since 2007.  The pace of sales also quickened. The average number of days that homes sold in August spent on the market before a sales contract was signed declined from 165 days a year ago to 139 days this August, the lowest market time for the metro area in any month since December 2007. For the second …

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Tarun Mullick,MD, Therapeutic-Interventional Gastroenterologist

4:00 pm on Friday, September 21, 2012

It seems Kane county is turning around in housing.How about Office space and rents? Who tracks that?   more ›