Inside these posts: Existing home sales

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Chicago existing home, condo sales plunge in Jan.

Sales of existing homes in the Chicago area fell last month, and plunged dramatically within the city of Chicago, but consumers who did close transactions were able to buy a lot of house for their money.

The Illinois Association of Realtors said Wednesday that 3,844 single-family homes and condominiums were sold in January, a 2 percent drop from January 2010. Sales activity within the collar counties mitigated the anemic performance within the city of Chicago, and especially in the condo market. Get the full story »

Existing home sales, prices take hit in Oct.

Existing-home sales in the Chicago area sunk 35.9 percent in October from a year ago, and median home prices continue to lose ground, according to data released Tuesday. Get the full story »

Chicago existing home sales plummet 25% in July

Sales of existing homes in the Chicago area nosedived 25.1 percent in July, partly due to the end of a government tax credit program that had propped up the housing market for more than a year.

The anemic results caused 12 months of consecutive year-over-year sales volume gains for the local market to come to a screeching halt last month, according to data released Tuesday by the Illinois Association of Realtors. It was the worst July performance for the local real estate market since at least 2000 when the trade group began tracking home sales.

Many real estate agents, while pleased with the local market’s still-positive first-half performance, are beginning to think their year is peaked, despite mortgage interest rates that are consistently falling to new weekly record lows. Get the full story »