Today at 9:34 a.m.
Filed under:
Housing,
Mortgages,
Real estate,
Updated
By Mary Ellen Podmolik
"For sale" signs line a Chicago street. (Nancy Stone, Chicago Tribune)
The median price of a condominium sold in Chicago last month beat its year-ago comparison for the first time in two and a half years, new data shows.
The median price of a condo within the city rose to $275,000, up 2.8 percent from $267,500 a year ago, according to a monthly sales report released Wednesday by the Illinois Association of Realtors. The last time Chicago condo prices recorded a year-over-year gain was in October 2008, when the median sales price of $315,000 was a 3.3 percent gain from October 2007. Get the full story »
April 7 at 11:23 a.m.
Filed under:
Housing,
Real estate
By Mary Ellen Podmolik
Another read on home price came out Thursday, and it offers a glimmer of hope about Chicago-area home prices.
The good news? In February, local home values on single-family homes were relatively flat, down only 0.4 percent from a year earlier, according to data provider CoreLogic. Get the full story »
March 21 at 10:33 a.m.
Filed under:
Housing,
Real estate,
Updated
By Mary Ellen Podmolik
The weeks after the Super Bowl are considered the traditional start of the home-buying season, but home sales were a non-starter in the Chicago area last month.
February sales of existing homes in the Chicago area fell 8.8 percent from their level of a year ago, to 3,769 homes sold at a median price of $152,500. A year ago, in February 2010, the median price was $165,000. Get the full story »
Jan. 25 at 8:40 a.m.
Filed under:
Housing,
Real estate
By Mary Ellen Podmolik
Home prices in Chicago fell to their lowest level in November since local prices peaked in September 2006, according to a widely watched index.
In the Chicago area, prices were just slightly lower than where they were in March 2010, and that was in line with prices in the spring of 2002, according to the S&P/Case-Shiller Home Price Index. Prices fell 2.2 percent in November from October, and were down 7.6 percent from November 2009. Get the full story »
