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SUMMER MARKET

The Chicago summer housing market is in full swing; listings are selling quickly and there remains fairly low inventory for any buyers searching for a new home. The statewide median price in May was $215,000, up 3.4% from 12 months ago.  Median prices showed a healthy, sustainable uptick in May, while the time it took to sell a home in averaged 49 days, down from 52 days a year ago. Available housing inventory totaled 55,126 homes for sale, a 7.6% decline from 12 months ago. 
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