Single family houses in the city sold for a median of $165,000 last quarter, a 13% increase over last quarter. Sales volume was 2.4% higher than last quarter, but remains well below the volume seen in the third and fourth quarters of 2011.
The data is reported in the latest Chicago Housing Quarterly, which was delivered free to subscribers on November 2. The report also includes charts and data for 20 top neighborhoods, as well as regional and national economic and housing indicators.
Sales volume among single family homes in the city last quarter reached 6,884, the second straight quarterly increase in volume, but it remains over 25% below the volume seen in the same quarter a year ago.