From Crain’s: Chicago February 2008 Condo Sales Fall 9.7%
The February housing numbers are out from the Illinois Association of Realtors. From Crain’s:
The city’s condo market showed a mix bag, as sales dropped 9.7% to 1,047 units while the median price rose 10.5% to $314,900.
These numbers were compared with February of 2007. The greater Chicagoland area seemed to fare worse than the City.
Chicago-area home sales dropped 26.9% in February from the same month last year, according to the Illinois Assn. of Realtors.
In the nine-county Chicago Primary Metropolitan Statistical Area, home and condominium sales last month totaled 4,310, compared with 5,894 in February 2007, the association said Monday in a news release.
The median price in the nine county Chicagoland area actually rose slightly, just 0.1%, to $240,230.