Illinois Market Gets Moving with May

llinois Market Gets Moving with May Home Sales Up 19.3 Percent from April;Statewide Median Price at $158,000.

In the Chicago Primary Metropolitan Statistical Area (PMSA), home sales were up 18.7 percent to 5,634 homes sold in May 2009 compared to 4,747 home sales in April 2009; sales were down 18.7 percent from 6,927 home sales in May 2008.

The median home sale price for the Chicagoland PMSA was $200,000 in May 2009, up 4.2 percent from $192,000 in April 2009; the median price was down 20.3 percent from $251,000 in May 2008.
In the city of Chicago, May total home sales (single-family and condominiums) were up 11.5 percent to 1,537 sales compared to April 2009 sales of 1,378; sales were down 27.5 percent from 2,119 homes sold in May 2008.

The city of Chicago median price increased 2.3 percent to $225,000 in May compared to $220,000 in April 2009; it was down 29.5 percent from $319,000 a year ago in May 2008.