Thursday, July 19, 2018 || By Community Editor || @maywoodnews
Featured image: A home at 1408 S. 12th Ave. in Maywood. | Coldwell Banker
Maywood’s housing market is hot, according to a recent Crain’s Chicago Business analysis.
The village made the publication’s list of 31 suburbs in Cook, DuPage, Lake and Will counties where “the housing market showed strong vital signs in the first half of the year.” Crain’s “crunched the data on 196” total municipalities in those three counties.
The suburbs all have one thing in common, the publication noted. They’re all places where “buyers have confidence that they’re buying in a good place and getting more for their money than (they will) later,” according to Agnes Halmon, a Coldwell Banker agent.
The 31 hot suburbs were divided into three categories: “affluent towns that have been doing well for years and stand out from their neighbors this year for having improvements in all three vital signs; middle-priced areas, and lowest-priced suburbs […] which the years-long wave of foreclosure rehabs has finally reached.”
Maywood falls into that third category, along with suburbs like Dolton and Harvey. In all suburbs, “the number of home sales [was] 25 or more in both first-half 2017 and first-half 2018,” Crain’s reports.
This is the second consecutive quarter in which Maywood has shown signs that its housing market is heating up.
During the first quarter of 2018, homes sold faster in Maywood than most other Chicago suburbs, according to an April Crain’s Chicago Business analysis of data provided by Midwest Real Estate Data and the Chicago Association of Realtors. VFP
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