2008/12/Recent Home Sales November

November was not a very good month for housing sales in the Chicago metro area.

According to the Illinois Association of Realtors housing sales for the nine-county Chicago area fell 32.3% for the month of November. A total of 3,910 single-family and condos were sold compared with 5,774 for the same period a year prior.

The numbers for the City of Chicago were even worse. Housing sales fell 41.3% (1,057 vs. 1,801 a year earlier).

Housing prices dipped as well. For the nine-county Chicago area housing prices declined 15.9% for the same period a year ago, while Chicago saw prices fall 23.3%.

The nine-county Chicago area consists of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will counties.