County
Total Sales
Median Price Change
Cook
-28%
-28%
Lake
-26%
-19%
McHenry
-21%
-15%
Chicago Metro Area*
-26%
-23%
The chart compares the first quarter of 2009 to the first quarter of 2008.
*The Chicago Metro Area is what the U.S. Census Bureau calls the PMSA, the Chicagoland Primary Metropolitan Statistical Area. It includes the following counties: Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry, and Will.
Source: Illinois Association of [...]
Location
Average Price Change
Average Days on Market
Average % of Sold/List Price
Barrington
-13%
92
90%
Palatine
-23%
106
91%
The chart compares the first quarter of 2009 to the first quarter of 2008.
Note that Inverness data is spread between the 60067 zip code and 60010; this report does not have separated data for Inverness.
Source: National Association of [...]
Real estate can be very subjective. If you ask a busy agent how the market is, they’ll say great. If you ask a slow one, they’ll say terrible. For all of last winter and the early months of spring, however, you couldn’t find a busy agent. So, there was a pretty widespread consensus that the [...]
County
Total Sales
Median Price
Cook
-26%
-27%
Lake
-33%
-23%
McHenry
-26%
-17%
Chicago PMSA*
-26.7%
-23.5%
February, 2009 compared to 2008
County
Total Sales
Median Price
Cook
-22%
-28%
Lake
-29%
-18%
McHenry
-23%
-7.5%
Chicago PMSA*
-24.5%
-23%
January, 2009 compared to 2008
To get a sense of context, check out the Local Market Stats category in the right margin.
Source: illinoisrealtor.org
*Chicagoland PMSA includes the counties of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry, and Will.
Compared to the national statistics for 2008, the Chicago Metro area is not doing too badly. We’ve had low sales numbers and price drops, but we haven’t had the market fall-out that the coasts and states like Arizona and Florida have suffered.
2008 Sales Summary by County
County
Total Sales
Median Price
Cook
-25.8%
-5.1%
Lake
-26.0%
-7.9%
McHenry
-26.2%
-11.9%
Chicago PMSA*
-25.9%
-5.5%
Source: Illinois Association of Realtors
*Chicago [...]
The 2008 home sales and price statistics for the Chicago metropolitan area* have been posted by the Illinois Association of Realtors.
While 2008 total sales were down 26% in the region compared to 2007, the 2008 median home price was down just 5.5%. In the city of Chicago proper, the 2008 median price was off by [...]
After hovering around zero appreciation for the last year, Barrington home sale prices went down 7.35% in the third quarter of 2008 compared to the third quarter of last year. Total sales were down 15% from last year.
In Palatine, sales were down 12% compared to the third quarter of 2007. And, prices took [...]
Lake County
To get us started: The number of days on the market for homes that sold in September in Lake County was up 67% over the number of days on the market for last September. Wow! No detailed interpretation is needed here; this is bad.
The number of homes sold was down 38% compared [...]
Cook County
The volume of sales for Cook County was down 28% this June compared to June of 2007. In July, the volume of sales was down 26%.
Lake County
Lake County sales volume was down 36% this June compared to last year. The July sales volume was down 34% compared to July of ‘07.
McHenry [...]
Barrington: In Barrington, sales were down 13% over the second quarter of 2007. That is a substantial improvement over first quarter data for 2008. Prices were down just .06%, which is not bad for a market correction. Homes that sold were on the market for an average of 111 days. [...]
