Home Prices Falling In Chicagoland
The Illinois realtors have some numbers out. "Single-family home sales were up 4.4 percent in February, while total home sales (which include single-family and condominiums) were up 1.8 percent to 9,936 homes sold, compared to 9,759 homes sold in February 2005. The Illinois median home price in February was $190,000, up 2.2 percent from $185,900 a year earlier."
"'As we readjust from a robust seller's market to one that is more balanced for buyers and sellers, consumers should seek professional counsel from a realtor regarding competitive pricing of the home, how to best show the home, current market conditions and negotiations,' (broker) Stan Sieron in Belleville."
"In the Chicagoland Primary Metropolitan Statistical Area (PMSA), single-family home sales totaled 3,890 in February 2006, up 0.1 percent from 3,888 home sales in the same month last year. The median single-family home price for the Chicagoland PMSA was $255,000, up 8.1 percent from $236,000 in February 2005."
Checking the statistics from the associations website,, the following is the Chicago single family median prices:
Feb. 05..$236,000
Mar. 05..$249,000
Apr. 05..$254,000
May. 05..$260,300
Jun. 05..$279,000
Jul. 05..$273,000
Aug. 05..$279,900
Sep. 05..$207,000* (typo?)
Oct. 05..$265,000
Nov. 05..$267,000
Dec. 05..$264,561
Jan. 06..$261,000
Feb, 06..$255,000