A recent Crain’s analysis “of January through June sales data for about 175 suburbs in Cook, DuPage, Lake and Will counties” identified 13 strong and 17 weak suburban markets.
River Forest is landed among the strongest suburban housing markets, where the median sale price of a home and the number of homes sold both increased while the average time it a home is on the market fell — all improvements over the first six months of 2018.
Meanwhile, Oak Park was among the 17 weakest suburban markets. The reason, according to local real estate agents: painfully high property taxes.
Michael Romain
