Communities served by METRA commuter trains have seen home sales bounce back faster than the Chicago suburban area as a whole, according to the fourth annual METRA Community Study by the RE/MAX Northern Illinois real estate network.
The study compared home sales data from three towns along each of the 11 METRA corridors throughout the Chicago suburbs with comparable data from all suburbs in the seven-county metropolitan Chicago real estate market during the first half of the following three years: 2012, 2011 and 2006.
The analysis revealed that the METRA-served communities had a greater rebound in sales activity than the suburbs as a whole in 2012 and have seen sales decline less than the suburbs as a whole when compared to 2006. The entire suburban area slightly outperformed the METRA towns in two other measures: average sales price and average market time. (Read More)