Chicago Real Estate Holds Strong
I have some great information on the Local Market Report for the first quarter of 2010 for the Chicago Land Area. The market is not where we would like it to be, but there is a silver lining at the end of the horizon for Chicago Home Owners.
Chicago is showing a median homes sales price of $176,400 compared to the U.S of $166, 367. It is always great when we see our home town holding up in a down economy. Prices are still down from a year ago but the trend is improving. The chart below will give you a good idea of where we are at in 2010.
State home sales from 2008 through 2009 saw a continuous lose and in 2010 there was a significant gain in the state of Illinois homes sale showing that sales are much stronger than a year ago. The growth for home sales is moving up slowly.
The Prime Foreclosures and delinquency in process for Chicago remains leveled off with the United States. Just remember that we are not at the end of short sales and foreclosures effecting the current market.
Below is a detailed report that goes over Today’s Market…
Drivers of Local Supply and Demand…
Local Economic Outlook…
Share of Total Employment by Industry…
Construction: 12-month Sum of Local Housing Permits…
Affordability of getting a loan…
The Mortgage Market…
Click Here to View the Full Market Report
As a real estate professional, I take pride in providing you with information that may help you make a decision whether you are buying or selling a home in the Chicago Land Area.
If you are looking for a Chicago real estate agent, look no further, I can help you find your dream home. Contact me, Marina Jacobson at 847-510-5009 or you can email me at Marina@marinajacobsonhomes.com. Please visit my website MarinaJacobsonHomes.com for more information about your Chicago Land Neighborhood.
