Distressed properties (foreclosures and short sales) made up 31 percent of all homes sold in September, down from 41 percent in September of last year.
Across the metro area, both total September sales and the median sales price rose in all seven counties compared to a year earlier, and gains ranged from slight to quite substantial. The largest gain in median sales price came in Kane County, where the increase was 26 percent to a median of $170,000.
For the six other counties the increases are as follows: Cook up 19 percent to $185,000, DuPage up 10 percent to $220,000, Kendall up 10 percent to $170,000, Lake up 2 percent to $188,000, McHenry up 7 percent to $155,000 and Will up 8 percent to $170,000. In the City of Chicago, the median sales price climbed 18 percent to $231,000.
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