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uary with strong results bodes well for the spring selling season when interest in the housing market typically in- creases.”
In January 2016, 1,374 homes sold in Chicago. This is a 1.9-percent increase from January 2015. The median sales price for January 2016 was $229,000, up 4.1 percent from this time last year. The city saw listings average 101 days on the market until sale, a 5.6-percent increase from 96 days in January 2015.
The median price forecast indicates moderate annual growth in February, March and April, compared to one year ago for median home prices. The City of Chicago Market Snapshot represents the residential real estate activity within the 77 officially defined Chicago com- munity areas as provided by the Chicago Association of REALTORS®.
Homebuyers are no longer waiting for spring and sum- mer to list, and buyers are interested in seeing what’s available year-round. The city is off to a strong start for the New Year with home sales and prices on the rise. In short, the best time to buy and sell in Chicago is now. d
Dympna Fay-Hart has been with CENTURY 21 McMullen Real Estate, Inc., since 1993. Recognized as one of the industry’s Top Producing Agents, she specializes in Chicago’s fast paced real es- tate market.
Where Cops Live: SOUTHWEST SIDE
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