Local home sales jump more than U.S.

The region sees a rebound in July after several months of sharp COVID declines

After three months of pandemic-driven steep declines, Chicago-area home sales rose sharply in July, possibly the beginning of the V-shaped recovery that housing markets entered earlier in some other parts of the country.

Sales in the nine-county metropolitan area were up 12 percent in July from the same month a year ago, according to data released this morning by Illinois Realtors, a statewide industry group. The increase follows drops of 15 percent… Click Here to Continue Reading