Why Suburban Housing Markets Were So Strong in 2019

A recent article in Crain’s reports that Chicago suburbs were a major driver of home sales in 2019.

But the strongest suburban markets were places with relatively low-cost homes.

Crain’s found 13 where three indicators improved during the year: more homes sold, faster and at a higher median price in 2019 than in the previous year.

In 12 out of 13 suburban towns surveyed, the median price of a home sold during 2019 was $237,500.

“That’s the price range where things are really moving fast,” said Francesco Campobasso, a Century 21 Lullo agent whose business area includes two of the towns on Crain’s list: Franklin Park and Glendale Heights.

Conversely, the survey also indicates that in 13 other Chicagoland suburbs, more homes sold at a higher median price in 2019 than in the previous year. Go figure.

Read on HERE

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Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.