The Market Wrap-Up For July

Let’s take at look at some July numbers for single-family houses and condos in the Chicago area and see how they compare to last year.

Cook County

• 57,120 properties were for sale, down from 68,197 in July 2008
• 10,546 new listings came on the market, down from 12,451 in July 2008
• 4,232 properties sold, up from 4,159 in July 2008
• The median sales price was $205,000, down from $268,000 in July 2008

DuPage County

• 11,749 properties were for sale, down from 13,331 in July 2008
• 2,058 new listings came on the market, down from 2,335 in July 2008
• 891 properties sold, down from 899 in July 2008
• The median sales price was $245,000, down from $280,000 in July 2008

Lake County

• 10,218 properties were for sale, down from 11,374 in July 2008
• 1,649 new listings came on the market, down from 1,876 in July 2008
• 688 properties sold, up from 645 in July 2008
• The median sales price was $205,250, down from $265,000 in July 2008

We pulled these numbers from MRED.

Dig Deeper Into the Trends

These numbers are for county-level trends. To see what’s happening in your neighborhood, check out our stats & trends pages.

This is our first monthly report on the inventory trends in the Chicago area. What numbers would you like to see in our August wrap-up?