Tuesday, July 23, 2019 || By Community Editor || @maywoodnews
A recent Crain’s analysis “of January through June sales data for about 175 suburbs in Cook, DuPage, Lake and Will counties” identified 13 strong and 17 weak suburban housing markets.
Hillside and Westchester landed among the strongest markets, where the median sale price of a home and the number of homes sold both increased while the average time a home is on the market fell — all attributes that are improvements over the first six months of 2018.
“They are, for the most part, towns where housing costs less than in most other parts of the metropolitan area,” Crain’s reports. “In all but two of the year’s strongest suburbs, the median home sale price is below the median price for the nine-county Chicago area, $259,000.
“‘They’re first-time buyer markets, or places where seniors and other people go to find something they can afford,’ said Gary Hall, a Re/Max Central.”
To read the full Crain’s article, click here. VFP