January 2022 million dollar single family home sales in Chicago and Suburbs
The month of January 2022 set a new, all time record (January months only) for million dollar single family home sales in the Chicagoland area, registering 196 units, totaling $326,673,540.00. It beat January 2021 sales by whopping 29%, and units sold by 18%. M2* for January 2021 was 19.37, and for January 2022 is 21.66, which is 11.82% increase. Lake Forest is the leader for January 2022, with sales totaling $40,193,892.00, which is 78.27% increase YOY(Year-Over-Year). The Barrington Area climbed to #9 position, with $12,246,850.00 sales, which is 375% increase YOY. Chicago’s Old Town/Near North Side neighborhood also registered healthy gains of 542% YOY, and they moved up to 8th place. The most notable decline registered Hinsdale, they surrendered the 1st place, and moved down to 4th, with 50% decline in sales YOY.
M2* Board of Governors of the Federal Reserve System (US), M2 [M2SL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2SL, August 18, 2022.
Sales data collected from mredllc.com