The Illinois Association of Realtors is reporting that March home sales in Chicago were up 40.6% over February. February 2009 saw 840 transactions and there were 1,181 in March. However, year-on-year the numbers are way down, with a drop of 42.2% (down from 2,044 in March of 2008).
Chicago’s prices are proving to be sticky?the median price in March was $220,000, which is an increase of 0.8% over the median price of $218,125 for February 2009. However, once again the year-on-year numbers are far more grim: prices are down 26.9% when compared to the median price of $300,980 seen in March of 2008.
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