Home sales in the Chicago area dropped 23.9% in November 2007, according to the Illinois Assn. of Realtors.
Good News: The median sales price in the Chicago area rose 0.8% to $247,000 compared to the same month a year ago. In Illinois, the median price dipped 3% to $193,000.
It is hoped that the recent declines in interest rates may help stimulate the housing market.
No comments:
Post a Comment