October Home Sales in Metro Chicago Real Estate Market Saw Price Stabilization and Decline in Transactions

Chicago, IL – November 22, 2010 – (RealEstateRama) — Home prices in the metropolitan Chicago real estate market reached somewhat firmer ground in October even as the volume of homes changing hands continued to decline. Both the median and average price of homes sold in the seven-county metro area were higher for October than during the previous month, while transaction volume was 14 percent lower than in September.


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RE/MAX is the leader in northern Illinois real estate sales.  It has been number one in the metropolitan Chicago real estate market since 1989, closing more than $6 billion in sales last year.   The RE/MAX Northern Illinois network consists of 2,500 associates and 120 individually owned and operated RE/MAX offices that provide a full range of brokerage services throughout the northern one-third of Illinois.  Its www.illinoisproperty.com and www.remax.com websites are leaders in consumer visits among real estate brokerage brands.  The northern Illinois network is part of RE/MAX LLC, a global real estate organization with 91,000 sales associates in 83 nations.

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