Real Estate Blog

Chicago home sales fell 19.8% from the same time period last year according to a report released this week. In Illinois the median home price in June was $215,000, up 1.1% from June 2006. The data is generated from a survey of the MLS and includes existing as well as new properties. Nationwide the existing home sales are at their slowest pace in 4.5 years.

There is plenty of extra inventory so now is a great time to take a look at what’s available on the MLS for your ideal home criteria. This is definitely a buyers market at this point and everyone that it’s looking for a home or for an investment, should take advantage of this. The mortgage rates are lower so this will help you go higher on the purchase price. If you need more info, feel free to leave a comment here.