Chicago-area home sales rose in August
September 25, 2009 by admin
Filed under Positive Real Estate
Chicago-area home sales rose in August compared with August 2008, the second consecutive month of year-over-year increases, according to the Illinois Assn. of Realtors.
| Below is a monthly year-over-year comparison of home sales (single-family and condo) in the nine-county Chicago area. | |||
| Month | 2009 | 2008 | Change |
|---|---|---|---|
| January | 2,965 | 3,927 | -24.5% |
| February | 3,082 | 4,326 | -28.8% |
| March | 4,260 | 5,759 | -26.0% |
| April | 4,747 | 6,094 | -22.1% |
| May | 5,634 | 6,927 | -18.7% |
| June | 7,140 | 7,806 | -8.5% |
| July | 7,427 | 7,408 | 0.3% |
| August | 7,009 | 6,917 | 1.3% |
“August proved a strong month for sales, particularly in the single-family market, as we move through inventories mostly for entry-level, lower-priced homes spurred by attractive interest rates, some improvement in consumer confidence and the first-time homebuyer tax credit,” Mike Onorato, president of the association, said in the release. “Foreclosures and short sales continue downward pressure on prices.”
http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=35579
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