July Market Stats Chicago

Posted on September 2nd, 2010 in All Articles, Market Conditions, Neighborhoods, Short Selling/Buying.

City of Chicago

␣ Home sales down 19.5% after 10 months in a row of sales increases ␣ Median price down -19.8% ␣ Year-to-date sales remain up by 25.0 percent January through July 2010 with 12,397
sales compared to 9,915 home sales for the same period in 2009. ␣ The year-to-date median sales price for the city of Chicago is down 6.1 percent to
$215,000 from $229,000 for 2009.
Forecast – U of I REAL
␣ Forecasts for sales for the next there months (Aug/Sept/Oct) indicate a continuation of the July experience with declines in the 14-38% range statewide and 13-24% for Chicagoland.
␣ The “hangover” from the expiration of the tax credit in April may extend into fall. Prices continue their downward trend, down 4-7% statewide and 4-8% in the Chicago region.
␣ The expectation has to be that the slowing of the national economy will affect Illinois’ growth prospects over the remaining months of the year.

Phil Buoscio, is a broker with Better Living Realty he leads the sales team “Phil Buoscio Team” and specializes in short sales in Chicago Illinois. Chicago Loan Modification Help can be referred to you. We don’t do loan modifications ourselves but we work with those who do.
We know Chicago Short Sales. I am a Chicago Short Sale Realtor. Chicagoland Short Sale Realtor. Chicago IL Short Sales. Chicago Realtor. We do business in Pilsen. McKinley Park. Bridgeport. Wicker Park. West Town. Ukranian Village. Lincoln Park. Near North. River North. East Village. Logan Square. Uptown. Edison Park. Portage Park. Hermosa. Lincoln Park, South Loop, West Loop. Bronzeville. Hyde Park. Kenwood. Oak Park. Brookfield. Cicero. Berwyn. Evanston. LaGrange. LaGrange Park. Riverside. We sell condos, single family homes, lots, land, multi units, two flats, three flats, etc.