Chicago Homes Sales Down Close To 20% in June 2007.

Chicago home sales fell 19.8% from the same time period last year according to a report released this week. In Illinois the median home price in June was $215,000, up 1.1% from June 2006. The data is generated from a survey of the MLS and includes existing as well as new properties. Nationwide the existing home sales are at their slowest pace in 4.5 years.

There is plenty of extra inventory so now is a great time to take a look at what’s available on the MLS for your ideal home criteria. Simply contact me (brian@illinoisrealestate.com or 312-217-8002) and I’ll email you all the homes for the area you choose that match your specifications. Also it should be noted that if you are a seller that will be also be looking to make a purchase please keep in mind that you also will be buying into this weakness.

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