March 2009 Housing Numbers cont.

For the second month in a row existing homes sold increased in Chicago and the surrounding suburbs.

In the Chicago Metropolitan (nine-county) Area, home sales were up 38.3 percent (4,260 homes sold in March 2009 vs. 3,081 home sales in February 2009).

The median home sale price for the Chicago area was up 5.7 percent ($194,000 in March 2009 vs. $183,500 in February 2009)

For the city of Chicago, March 2009 home sales (single-family and condos) were up 40.6 percent (1,181 sales vs. 840).

The median price for homes in the City of Chicago also rose 0.8 percent ($220,000 in March 2009 vs. $218,125 in February 2009)