Skip to main content

Chicago Area Homes Sales Declined 26% in 2008

The Illinois Association of Realtors reported today that 2008 home sales in the Chicago PMSA were just 68,676, nearly 26% fewer sales than 2007. For those lucky enough to find a buyer, the median sale prices last year was 17.3% lower than 2007.

The PMSA includes Chicago, suburban Cook, and the eight surrounding counties.

There were 20,589 Chicago home sales in 2008, 25% fewer than in 2007.

Well. on the bright side, however gloomy the current market conditions might seem, there are still buyers buying and sellers selling. Also, I am pleased to note that my "market share" of Chicago house and condo closings last year increased over 2007. Here's to doing even better in this new year.

Comments

Popular posts from this blog

The Equifax data breach and you — 6 steps to take now

Identity thieves hit a major credit reporting agency—hard. Millions of consumers’ confidential identity information has been compromised.

Equifax, one of the big three credit reporting agencies announced that a massive security breach took place earlier this year. Offenders accessed data sets of 143 million US consumers.

What to do when drones fly near your home

Imagine a quiet evening on the deck of your new home when—out of nowhere—a noisy drone begins hovering around your property, almost certainly snapping photos or video. It’s like Space Invaders meets Gladys Kravitz. So what do you do?

Help! My Neighbor’s Old Tree is Growing Over my Roof

Let’s say about 100 years ago, a family planted an oak tree on the edge of their property. Over generations it’s grown into a magnificent tree that provides summer shade, autumn color and a swing for the neighborhood kids. You probably even liked the tree when you bought the house next door to it.

But today, its root system is invading your basement, its acorns bombard your yard and its huge limbs loom threateningly over your roof. By law, can you cut it down? Trim it? Turn it into a boat?