Chicago-area home sales post best January in five years
(Crain's) — Local home sales got off to a strong start this year, posting their best January in five years.
The Illinois Association of Realtors said 4,447 single-family homes and condos in the nine-county Chicago area sold in January, up 15.7 percent from 3,844 sales in January 2011. Last month marked the most sales in January since 5,950 units sold in January 2007.
Sales in the city of Chicago rose 5.7 percent in January, to 1,093, from 1,034 in the same month in 2011, the organization said.
A relatively gentle winter during one of the slower selling seasons aided last month's numbers, the Realtors said.
“Motivated buyers and sellers moving in what has been a mild Chicago winter have helped move both distressed and traditional properties,” Bob Floss, president of the Chicago Association of Realtors, said in a statement.
The Illinois sales figures include new and existing homes. The nine-county Chicago area consists of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will counties.
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