Housing Activity Up 20 Percent

March 1, 2002

Chicago-Area Homes Enjoy Fast-Paced January


Inman News Features

The Multiple Listing Service of Northern Illinois reported sales of single-family attached and detached homes in the northern Illinois and Chicagoland area grew approximately 20 percent in January 2002 over January 2001 levels.

A total of 7,056 homes, worth $1.53 billion, changed hands in January, up from 5,841 homes worth $1.27 billion during the same month in 2001. The average sales price per home rose to $218,225, up from $217,874 last year.

Single-family property types include detached single-family houses, condominiums, townhouses and two-to-four-unit residential buildings.

The Multiple Listing Service of Northern Illinois covers the greater Chicago metropolitan region, including Cook, DuPage, Lake, McHenry, Kane, Will, Grundy and Kendall counties.

Copyright: Inman News Service


Contact ALTA at 202-296-3671 or communications@alta.org.

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents. SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue.