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 PMSA stands for the Chicago Primary Statistical Area and includes Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will Counties

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