The number of homes sold are up 20 percent and selling more quickly than the year before in the Chicagoland area, according to fourth quarter 2016 data from MRED MLS and Broker Metrics. Homes spent less time on the market in 2016 than the previous year, with an average of 94 days on the market in Q4 2016 to 2015’s 101 days. Median prices are also rising when comparing the same time periods, with an increase of 9 percent.

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