October Illinois Home Sales Off 2.9 Percent from Last Year Condo Sales Remain Strong Higher interest rates in October slightly cooled the single-family home market but did little to temper condo sales in Illinois. Total home sales (which include single-family homes and condominiums) were 14,097 in October 2005, down 2.9 percent from 14,520 sales in October 2004. The Illinois median home price in October was $209,900, up 14.1 percent from $184,000 a year earlier. Total home sales year-to-date (January through October) show an overall increase of 2.5 percent to 156,338 homes sold compared to 152,582 sales in the first ten months of last year. “Condo sales out-paced single-family sales in October as we enter the final quarter of 2005, which typically is a slower season for Illinois residential home sales,” said Stan Sieron, CRS, GRI, president of the Illinois Association of REALTORS. “The market is entering a period of transition in which we will see a somewhat slower but more sustainable pace of home sales. Housing remains fundamentally solid with strong demand for homeownership.” |
Andersonville Living
March 11, 2010
Andersonville Living : Chicago, Illinois
Chicago, IL
Nearby Neighborhoods
- 4250 North Marine Drive
- 4300 North Marine Drive
- 5901 N Sheridan
- Albany Park - Ravenswod Manor
- Alcott Neighbors
- Bowmanville Living
- Bucktown Living
- East Village Neighbors
- Irving Park
- Lincoln Square
- Lincoln Square Living
- Lower Ukrainian Village
- Nichols Neighbors
- North Center St Bens
- North Wrigleyville
- Northeast Rogers Park
- Park Lane Neighbors
- Roscoe Village
- See Neighbors
- Welles Park Neighbors
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866-378-6180
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