Thursday, March 15, 2012

Prices in northwest suburbs moderate

The price difference is narrowing between northwest suburbanhouses and homes elsewhere in the Chicago area.

Northwest suburban homes no longer are the area's mostexpensive, according to House Watch, an exclusive survey for theChicago Sun-Times by Century 21. The average price for March was$122,183, compared with $123,609 in the North Shore suburbs.

Homes in the northwest suburbs on average are selling for 9.6percent above the Chicago area mean of $111,525. Last March, salesprices were 13.2 percent above the metropolitan average.

Northwest suburban homes were on the market an average of 49.6days, compared with 52.4 days in the north suburbs, which was …

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