The sky is not falling chicken little! I'm tired of all the doom and gloom!
By Lyn Sims, Real Estate Broker Retired
Was researching something else entirely and came up with some pretty interesting information on the general Illinois Home Sales so far in 2007 from the IAR (IL Assn of Realtors) website. A SHORT COMPILATION OF THE REPORT ..... According to the Illinois Association of Realtors (IAR) second quarter report, the median home price was $207,500, UP 0.2 percent from $207,000 a year earlier. (Median price is where half the homes sold for more, half sold for less). Total home sales totaled 43,080, down 16.1 percent from the 2nd quarter of 2006. The Chicagoland PMSA includes the counties of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will. A sample of counties in the Chicagoland PMSA that saw INCREASES in median home sale prices in the 2nd quarter include Cook, up 4.2% to $26...
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