The Chicago area sold more homes in October this year than in any October since 2006.

Sales of existing single-family homes and condominiums in the nine-county Chicago area totaled 8,326 properties in October, an increase of 11.3 percent from September and 44.1 percent higher than the 5,776 homes sold in October 2011, Chicago Tribune cited figures released Monday by the Illinois Association of Realtors as saying.

Meanwhile, the number of pending home sales in the Chicago area, meaning properties that are under contract but the sale have not yet closed, totaled 10,364 in October, the highest ever except for April 2010 when home sales were affected by federal homebuyer tax credit programs.

For the Chicago area as a whole, the median price of a home was 153,000 dollars, the lowest level since March but still 2.1 percent higher from the 149,000 dollars in October 2011.

Local economists attributed the improved sales performance to a slowly improving economy, stronger consumer confidence and continued low mortgages rates. Endi

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