IL: Chicago Home Sales Up in June From May, Down from June 2010

June home sales in the metropolitan Chicago real estate market displayed a distinctly split personality, according to an analysis of sales data by RE/MAX.

Sales figures for June registered notable gains in transaction volume and both median and average prices when compared to May and all earlier months this year. At the same time, June results lagged well behind the same month last year when the end of the federal homebuyer tax credit helped generate the largest number of home sales recorded during a single month since the summer of 2007.

The seven-county metro Chicago area saw June home sales rise 12.9 percent from the prior month total to 7,456 units. The median sales price increased 6.5 percent to $181,035, and the average sales price rose 7.9 percent to $258,057. Each of those figures was also the highest recorded for any month in 2011.

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