Americans purchased homes at the fastest pace in nearly 11 years, as sales climbed 5.6 percent in November, but the Chicago area continued its slow recovery from the Great Recession.
The National Association of Realtors said Wednesday that sales of existing homes rose last month to a seasonally adjusted annual rate of 5.81 million units. Home sales were last this strong in December 2006, when properties sold at annual pace of 6.42 million.
In the nine-county Chicago area, sales of existing homes and condos were down 1.6 percent from a year ago, to 8,119 properties sold. The median price of $225,000 was 5.1 percent higher than in November 2016.
Within the city of Chicago, existing home sales and the median price both were relatively flat, with 1,923 homes sold at a median price of $259,500.
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2 comments:
Not in Wicomico county or Sby.
Worchester/OC still has many many vacant opportunities too! Vacant dwellings most likely means ZERO tax revenue. Luckily, not much room left on the island to BUILD!
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