Article originally posted on the Daily Herald.
Chicagoland home sales are beginning to slow as summertime comes to an end, with the average number of home sales decreasing 2.3 percent over the same month last year, according to statistics released today by the Mainstreet Organization of Realtors.
Area homes also experienced a 13.5 percent decrease in average time on market over the same month last year, and a 3.5 increase in median sale price. While the number of area homes sold has decreased overall, lower-priced homes tend to sell fastest.