Chicago Luxury Real Estate Experiences First Quarter Growth

TWL_2015_may_blog7The number of local homes selling for more than $1 million is on the rise according to the latest RE/MAX Luxury Report on Metro Chicago Real Estate. First quarter transactions in Chicago were up 18 percent over 2014’s first quarter activity. In the entire seven-county metro area, turnover was faster with luxury home buyers finding a home 14 days sooner than buyers did last year.  Although sales were up, prices were down slightly with a median sales prices of $1,373,750 in Chicago. In the suburbs, transaction growth was not as strong, but sales were still up 13 percent.

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