2009/04/March 2009 Housing Numbers

According to the Illinois Association of Realtors the nine-county Chicago region saw home sales fall by 26% and a decrease of 42% in housing sales in the city of Chicago vs. the same period last year.

Housing prices continue to fall as well. For the nine-county Chicago region, the median home price (where half the homes sold for more and half sold for less) was $194,000 vs. $248,000, a decrease of 21.8% for the same period a year ago. The news was even worse for the city of Chicago where the median price fell to $220,000 from $300,980 last March.

The nine-county Chicago region consists of the following counties: Cook County, DeKalb County, DuPage County, Grundy County, Kane County, Kendall County, Lake County, McHenry County and Will County.