Seems like there’s a new report every day on existing home sales, new home sales, new home starts, home prices, foreclosures, and the like. Here are a couple of new reports pertaining to the Chicago housing market that didn’t make it into my previous post:
- Chicago-area total home sales (single-family and condos) rose almost 37 percent in 1Q 2010 to 14,365 homes sold compared to 10,507 home sales in 1Q ’09, according to the latest report from the Illinois Association of Realtors. The area’s 1Q ’10 median price was $175,500, down 6.4 percent from $187,500 in 1Q ’09. In the city alone, total home sales were up 42 percent to 4,241 sales in 1Q ’10 compared to 2,995 in 1Q ’09, but the median price was down 8.8 percent, from $215,000 to $196,000 over the same period.
- Chicago had approximately 365,000 underwater borrowers in 1Q 2010, the fifth-highest number among the country’s metropolitan markets, according to CoreLogic’s latest quarterly report on negative equity.
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