Home Sales Jump More Than 8 Percent in West, South Suburbs

August Marks Third Straight Month of Year-to-Year Increases
DOWNERS GROVE, Ill. - Sales of single-family detached homes went up 8.6 percent in August compared with the same period a year ago, according to statistics released today by the Mainstreet Organization of REALTORS® (MORe), indicating the third consecutive monthly increase.

"We're definitely seeing many first-time homebuyers take advantage of the various economic incentives available to them," said Mike Drews, President of MORe, and the Designated REALTOR® of Charles Doss, REALTORS®, in the Aurora and Oswego areas. "There was a 9.4 percent increase in homes sold in the summer months of June, July and August in 2009 compared to the same period in 2008."

In DuPage County, home sale activity was highest in Addison (225 percent increase from a year ago); Downers Grove (36 percent); Glendale Heights (170 percent); Lombard (100 percent); and Villa Park (57 percent).

In addition, the number of homes under contract (but not yet closed) in the same West and South Suburban Chicago area was 52 percent higher than a year ago, the ninth consecutive month of year-to-year growth in pending sales.

There were standout increases in homes under contract in several suburban communities, particularly in Addison (350 percent increase from a year ago); Bensenville (1,400 percent); Glen Ellyn (65 percent); Maywood (210 percent); Melrose Park (400 percent); and Naperville (39 percent).

  • September 15 2009 - Naperville
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.