Today at 9:34 a.m.
Filed under:
Housing,
Mortgages,
Real estate,
Updated
By Mary Ellen Podmolik
"For sale" signs line a Chicago street. (Nancy Stone, Chicago Tribune)
The median price of a condominium sold in Chicago last month beat its year-ago comparison for the first time in two and a half years, new data shows.
The median price of a condo within the city rose to $275,000, up 2.8 percent from $267,500 a year ago, according to a monthly sales report released Wednesday by the Illinois Association of Realtors. The last time Chicago condo prices recorded a year-over-year gain was in October 2008, when the median sales price of $315,000 was a 3.3 percent gain from October 2007. Get the full story »
April 7 at 11:23 a.m.
Filed under:
Housing,
Real estate
By Mary Ellen Podmolik
Another read on home price came out Thursday, and it offers a glimmer of hope about Chicago-area home prices.
The good news? In February, local home values on single-family homes were relatively flat, down only 0.4 percent from a year earlier, according to data provider CoreLogic. Get the full story »
March 21 at 10:33 a.m.
Filed under:
Housing,
Real estate,
Updated
By Mary Ellen Podmolik
The weeks after the Super Bowl are considered the traditional start of the home-buying season, but home sales were a non-starter in the Chicago area last month.
February sales of existing homes in the Chicago area fell 8.8 percent from their level of a year ago, to 3,769 homes sold at a median price of $152,500. A year ago, in February 2010, the median price was $165,000. Get the full story »
Jan. 20 at 2:55 p.m.
Filed under:
Housing,
Real estate
By Mary Ellen Podmolik
Sales of existing homes in the Chicago area rose appreciably in December from the previous month but were still down almost 10 percent from their year-ago comparison, the Illinois Association of Realtors reported Thursday.
For the year though, thanks to a tax credit that helped sales during the first six months, Chicago-area sales of single-family homes and condos were down only 0.5 percent from 2009, to 69,010 homes sold last year. The median price of $185,000 in 2010 was a 5.6 percent drop from the previous year but the declines in median price varied widely across the area. Get the full story »
