The 27 homes sold in Montgomery during November represented a 42.1 percent increase over November 2011, according to the Mainstreet Organization of Realtors (MORe).

There were 39 homes sold in Montgomery during October.

In addition, the median price of homes sold in November ($134,000) was 0.7 percent lower than the median price of homes sold in November 2011 ($135,000). 

The market for detached, single-family homes in suburbs throughout Will and Kendall counties saw growth in November, MORe reported. MORe gets its statistics from Midwest Real Estate Data.

Plainfield saw the largest percent increase, with 73.6 percent more homes sold year over year in November. There were 53 homes sold that month in 2011 and 92 in 2012.

Channahon saw the largest percent drop, with 75 percent fewer homes sold year over year in November. It's worth noting, however, the small sample size: Three homes were sold in November 2012 compared to four sold in November 2011.

Overall across the Chicago suburbs, sales of single-family detached homes rose 35.6 percent in November over the same month in 2011, according to MORe. 

MORe predicts December will be another month of local housing market growth, as the number of detached homes under contract in November 2012 was 54 percent higher than in November 2011. 

“We are on pace to finish strong in 2012,” said Tonya Corder, president of MORe and managing broker of Keller Williams Preferred Realty in Orland Park. “It is a great time to be in the market, especially in the Chicago area. Every day we see signs that conditions are continuing to improve to the benefit of both buyers and sellers.”

Source: Mainstreet Organization of Realtors