June marked a year of monthly positive year-over-year sales of existing homes in the Chicago area, leading some in the industry to conclude the market is finally stabilizing. But will the trend continue?

Home sales in the Chicago area rose 27.2 percent in June, to 9,085 single-family homes and condominiums sold during the month. The median sales price change still was in negative territory, however, falling 1.2 percent to $207,500, from $210,000 in June 2009, the Illinois Association of Realtors reported Thursday. Get the full story »