Realty Executives Midwest

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Realty Executives Midwest

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Data Points to Strong Summer Real Estate Market in Chicagoland Area

(Published on - 7/28/2020 7:29:16 PM)

Midwest Real Estate Data (MRED) serves more than 45,000 real estate professionals in Chicagoland and the surrounding counties.

This week's market snapshot shows that homes under contract increased for the third week in a row, surging 17 percent from the first week of July. The data from across MRED's markets also show a 66.5% increase in contracts for the week ending July 27 versus the same week last year.

Median prices continue to show strength as well, with a 6.7% increase over the same week last year. This was the sixth straight week of year over year weekly median price gains, the data show.

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