Illinois Housing Statistics
January 25, 2007
Statewide Median Home Price Gains in December;Total Home Sales in 2006 Off 8.9 Percent from the 2005 Peak
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In the Chicagoland Primary Metropolitan Statistical Area (PMSA), total home sales (single-family and condominiums) were 7,532 in December 2006, down 21.5 percent from 9,600 home sales in the same month of 2005. The median home sale price for the Chicagoland PMSA was $245,000 in December, up 0.2 percent from $244,500 in December 2005.
I would say the change in median price is a statistical 0%. Sales down 21.5%? Wow. What is happening?
4 comments:
chicago PSMA.....man, i'd love to see the numbers for the city alone. it's so hard to get unmanipulated numbers. soon the truth will be impossible to hide.
on the expy. i saw a new 911 w/ plt. GO REMAX.
shhhh listen, here it comes: big subprime lenders failing, the rest of the lending industry tightening standards, highest level of homeownership in history, inventory and foreclosures way up, sales way down and .........condo flip.com shuts down operation.
Interesting to know.
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