Corcoran Urban Real Estate
 

Monday Real Estate Round-Up

Monday Real Estate Round-Up The numbers are in and Chicago's top-selling neighborhood for the month of May was: the Near North Side.

The sales numbers are driven, in large part, by the amount of inventory, and neighborhoods rich in condos typically rank higher. In May the top three slots went to the Near North Side, then West Town then Lincoln Park with 280, 195 and 157 sales respectively.

If you remove condos from the equation, then the numbers change substantially. The top-selling neighborhoods for single family homes are Portage Park, Dunning and Norwood Park.

For the full breakdown on the data, head over to Chicago Agent Magazine here.

And the top-selling suburbs had a surprise in May. The numbers are in and Chicagoland's top-selling suburbs for May were: Aurora, Naperville and Plainfield.

Sales for the first two were up 28.9 and 27.5 percent from April to May but the largest increase belongs to Plainfield, which saw a sales surge of 64.1 percent. Joliet and Arlington Heights both saw big increases as well, 47.7 and 33 percent respectively.

For more, head over to Chicago Agent Magazine here.

The good news for the Chicago-area housing market keeps coming in; the May numbers continued the trend of increasing sales volume and price.

Sales were up 7 percent in May year over year and prices rose 7.2 percent, according to the Illinois Association of Realtors latest analysis.

The city's market was even stronger, with sales rising 10.1 percent and median price up 6.8 percent.

For more, head over to Chicago Agent Magazine here.