Sales of single-family homes continued to drop during the fourth quarter throughout Chicago. According to data from the Chicago Association of Realtors, a total of 1,540 homes were sold in the city during the fourth quarter.
This is a 25 percent decline in sales from the same period in 2006, and is the lowest total for […]
Archive for February, 2008
Recent data from the National Association of Realtors showed a 57 percent increase in foreclosures during January from the same month last year. The month over month increase nationwide was 8 percent.
However, Illinois saw a sharp decline in foreclosures during January when compared to the previous month. According to data from RealtyTrac, the number of […]
Sales hit 14 year low in Austin
Published February 26th, 2008 in News, Neighborhoods and Homes for Sale.The real estate market in Chicago is going through a period of declining sales and increasing inventory. Austin is no exception.
According to data from the Chicago Association of Realtors, a total of just 45 homes were sold in the neighborhood during the fourth quarter. This is a 40 percent drop in sales in just one […]
Home sales drop 31 percent in Illinois
Published February 25th, 2008 in Neighborhoods, Homes for Sale and Real Estate.According to a new report from the Illinois Association of Realtors, the total number of sales of single-family homes dropped by 31.1 percent during January 2008.
According to the report, extreme winter weather played a part in the decline in sales around the state. However, homeowners are also facing increasing difficulty in qualifying for financing from […]
While many areas around Chicago are seeing a drop in sales of single-family homes, Chatham was one neighborhood that experienced steady demand during the fourth quarter.
According to the Chicago Association of Realtors, a total of 41 homes were sold in Chatham during the fourth quarter. This is a slight increase from the 40 homes sold […]