As both mortgage rates and sales prices rose, Chicagoland home sales cooled during June, according to new data from the Mainstreet Association of REALTORS®.

The median price for a detached single-family home was $380,000 in June: up 9% year over year as the number of homes sold was down 21.4%. For attached homes, the median sales price increased 11.2% year over year, to $228,000, while sales decreased 13.3%.

Suburbs which saw particularly sharp price increases for detached single-family homes were, in order: Monee (a 65.1% increase in median sale price), Flossmoor (36.6%), Dolton (35.0%), Inverness (27.3%), Elmwood Park (25.3 %), Sycamore (24.9%), Elmhurst (24.6%), Park Forest (22.8%), Wheaton (22.7%), Keeneyville – Roselle (22.0%), Oswego (20.7%), Aurora (19.3%), Vernon Hills (17.8%), Lisle (17.1%), Villa Park (16.8%), Oak Brook (16.3%), Mt. Prospect (16.2%), Westmont (15.9%) and Hinsdale (15.6%).

But inventory is still moving quickly. The average number of days on the market for a detached home in the suburbs was 23 days in June, down eight days from the year prior.

“Despite an inventory shortage, the market is headed toward a soft landing,” Mainstreet President John LeTourneau said in a press release. “Since there’s some market disruption, the timing could also be just right for sellers who can make a sale, while also taking advantage of a bit of a buyer’s market now, too.”

Mainstreet CEO John Gormley agrees. “The market is slowly coming into balance, which is a good thing for buyers,” he said, but noted that they will still need to contend with mortgage interest rate increases.

The statistics from Mainstreet are also visualized here.