March 2009 Housing Numbers
According to the Illinois Association of Realtors the nine-county Chicago region saw home sales fall by 26% and a decrease of 42% in housing sales in the city of Chicago vs. the same period last year.
Housing prices continue to fall as well. For the nine-county Chicago region, the median home price (where half the homes sold for more and half sold for less) was $194,000 vs. $248,000, a decrease of 21.8% for the same period a year ago. The news was even worse for the city of Chicago where the median price fell to $220,000 from $300,980 last March.
The nine-county Chicago region consists of the following counties: Cook County, DeKalb County, DuPage County, Grundy County, Kane County, Kendall County, Lake County, McHenry County and Will County.
Housing prices continue to fall as well. For the nine-county Chicago region, the median home price (where half the homes sold for more and half sold for less) was $194,000 vs. $248,000, a decrease of 21.8% for the same period a year ago. The news was even worse for the city of Chicago where the median price fell to $220,000 from $300,980 last March.
The nine-county Chicago region consists of the following counties: Cook County, DeKalb County, DuPage County, Grundy County, Kane County, Kendall County, Lake County, McHenry County and Will County.
posted by Scott Epstein at 9:49 AM
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