The 39 Montgomery homes sold in the month of October represented a 95 percent increase from October 2011. The homes sold for a median price of $155,000, up from $154,000 in October 2011. 

Montgomery home sales in October were also up from September, when 36 homes were sold. 

The market for detached, single-family homes in suburbs throughout Kendall and Will counties saw growth in October, according to the Mainstreet Organization of Realtors (MORe). MORe gets its statistics from Midwest Real Estate Data.

Shorewood experienced the most dramatic percent change in the number of homes sold, with an uptick of 175 percent in October 2012 over October 2011. The number of actual homes sold this October was 11, compared to the four sold during the same period last year.

Romeoville saw the largest percent drop, with 18.2 percent fewer homes sold year over year in October. That shakes out to 27 homes sold in October 2012 compared to 33 sold in October 2011.

Overall across the Chicago suburbs, sales of single-family detached homes rose 44.6 percent in October over the same month in 2011, according to MORe. 

MORe predicts November will be another month of local housing market growth, as the number of detached homes under contract in October 2012 was 65.8 percent higher than in October 2011. 

“2012 has already been a strong year for the housing market, and we are seeing activity continue to increase,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “Affordable home prices and historically low interest rates have created a rare opportunity for buyers. We are actually back to the point where we are seeing multiple offers on properties.”

Source: Mainstreet Organization of Realtors