Cy Hodgeson exits his new home with his son Connor, 3, in Chicago April 21, 2011. REUTERS/John Gress
By Mary Ellen Podmolik, Chicago Tribune
Sales of existing homes in the Chicago area rose again in July but, after two months of gains, the year-over-year median selling price fell.
Last month, 8,551 homes sold in the nine-county Chicago area, a 29.1 percent increase from July 2011. It was the 13th consecutive month that the number of homes sold bested its year-earlier comparison, and the strongest July since 2007.