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Market Expert Handout - Chicago Real Estate Market - May 2011
 

Market Expert Handout - Chicago Real Estate Market - May 2011

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This handout is provided to members of the @properties Market Expert program in conjunction with Keeping Current Matters. The enclosed information discusses factual information about the Chicago real ...

This handout is provided to members of the @properties Market Expert program in conjunction with Keeping Current Matters. The enclosed information discusses factual information about the Chicago real estate market specifically - as well as local North Side neighborhoods.

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    Market Expert Handout - Chicago Real Estate Market - May 2011 Market Expert Handout - Chicago Real Estate Market - May 2011 Document Transcript

    • Key points of Discussion – Market Expert Classes – May 2011After months of discussing the Keeping Current Matters materials, a key point that we mustfocus on as “Real Estate Advisors” is the presentation of layers of materials to justify our case.Pricing data is not enough to justify our position, we must build a tiered case of facts aroundALL factors that contribute to the real estate market of today.We know that some (but not all) of these contributing factors are as follows: • House pricing • Home buyer mentality • Mortgage rates • Consumer Confidence Index • Unemployment NumbersTo truly build our case for home pricing and purchase, we need to use ALL of these factorstogether when discussing our clients’ options. While we gather much of this information fromthe presentations of Steve Harney and his Keeping Current Matters team, the local numbersprovided today should assist in brining your arguments local.Some key points in these materials: 1. Crains Article – Great @properties promotion and the idea that home sellers are beginning to understand what they must do to sell. 2. Explaining Mortgage Deductions – a great article and link to online calculator that describes the benefits of owning a home 3. Rent or Buy – the New York Times and Trulia provide great data showing why Chicago is a better “buy” for home shoppers. 4. CAR Fast Stats – The Chicago Association of Realtors provides amazing data in various formats on units and sales price for many Chicago (and suburban) neighborhoods 5. Strategic Defaults – a recent article from Mary Ellen Podmolik of the Chicago Tribune describing the growing trend of strategic mortgage defaults. 6. Unemployment Numbers Decrease in Chicago – down to 8.7% Chicago unemployment numbers have decrease for the last 15 months and are now below National numbers.
    • 7. Consumer Confidence Grows – Last month the consumer confidence index posted its highest numbers since 2008. 8. Mortgage Rates – hit their highest mark in the last 12 months in February of 2011 causing some home buyers to write – while others wait to see. 9. Chicago “for sale” Inventory hits its lowest mark in the over 2 years 10. Long Term Effects of the Homebuyer Tax Credit – a year later we are starting to see signs of true recovery, without government intervention.The charts that follow are pulled for the Chicago market, (77 MLS areas), for all housing typescombined using the Agent Metrics program (available for download at www.MREDLLC.com).When discussing these numbers with one another take into account the tax credit dates (undercontract date – April 2010, closed contract date – August 2010* adjusted) as well as otherfactors such as consumer confidence, mortgage rates, and unemployment numbers. Thesefactors when explored and accounted for together, will help you to create a trustworthy “case”to justify your client advisement for their current, and future, well being.You are the solution to the current real estate market.
    • 5/20/2011 Print Story CHlCAGOBUSINES,S Print Story Printed from ChicagoBusiness.com - POWERil) IIY UAINS-Home > This Weeks Crains > Business of life >From this weeks Business of LifeHome sellers move beyond denial, accept lowervalues when setting price Article available at http://www.chicagobusiness.com/ article/20110507/ISSUE03/305079994/home-sellers-move-By: H. Lee Murphy May 09, 2011 beyond-denial-accept-lower-values-when-se Share This 14 Share Print 1 Email l 3 comments This is what passes for a victory in the housing market these days: Homeowners are no longer in denial about how little their properties will fetch. Several years into the downdraft in residential real estate, manysellers around Chicago have moved past shock, anger and disbelief, givi ng way to subdued resignation. Those w ho have stopped fighting their agents on pricing are allowing deals to be made quicker. "A lot has changed," says Elise Rinaldi , an agent in the @Properties office in lvlnnetka. "Three years ago, w hen this decline was still new, people insisted thatPamela Zdunek, left, recently sold her house on Old Green Bay the marketwould come back and refusedRoad in Glencoe. Elise Rinaldi was one of the agents inIOived in to mark down their listing prices. Nowthe sale. people are accepting this landscape.Photo by: John R. Boehm TheYve had the recession and the depth of this decline blasted at them by the media,and theytre far more w illing to go along with the market."Our jobs have become somew hat easier as a result."There has been a lot for homeowners to adjust to. According to the Standard & Poors/Case-Sh iller Index ofChicago-area single-family homes, prices have plum meted 31% since the market peak in September 2006.There have been portents of recovery in the past year, but prices are down nearly8% in that time.rv1anysellers have had to stare dow n the cold, hard realityofcomparable sales , regardless ofthe factors theyfeel make their property unique.NO LANGUISHINGNichole Converse-Hum phreyand her husband, Scott, listed their Glencoe home for $1.65 million in rv1arch. Theprice was in keeping with similar four-bedroom brick Georgians in the neighborhood , but Ms. Converse-Hum phreythoughtthe homes proxim ityto them iddle school and the com muter train station made it worth morethan the others."Ne paid $1.8 mill ion for the house four years ago, and I was hopi ng to list it at $ 1.7 m ill ion and get somethingclose to that," says Ms. Converse-Humphrey, 40. "Our broker suggested wed get more traffic if we priced itlower. It turned out she was right: VVe had lots of people looking on the first weekend and got an immediate offerand accepted it. Essentially the house was on the market for just 24 hours. Ne hope to close on the sale by thechicagobusiness.com/article/. ../305079994 ... 1/4
    • 5/20/2011 Print Storyend of May."Stephen Haas, a broker at Koenig & Strey Real Living inGlen Ellyn, took over a listing in Vtheaton recently that hadlanguished on the market for three years. Originally listed at I didntwantthe house on$1.2 million, it was marked dow n to $850,000 by Mr. Haaslate last year and sold in a week at $815,000. the market lor six monthsThat had to sting, but it got the job done. or a vear hoping lor a"In this market, pricing a house too high is a waste of m y better price. -Pamela Zdunek, homeownertime and my clienfs time," Mr. Haas says.In a previous job, Ms. Rinaldi worked on a listing for Pamela Zdunek, w ho with ex-husband Clifford Sladn ickowned a 5,000-square-foot home they built in 1998 on Old Green Bay Road in Glencoe. They put it up for salelast year. Ms. Zdunek, 51 , calculated that the house was worth about $2.8 million at the market peak. She heldout hope that she might get $2 .2 m iIlion for it.Instead, Ms. Rinaldi persuaded Ms Zdunekto list the housefor$19 million"Elise explained to me that the $2-m ill ion mark was a critical threshold. Houses similar to ours listed at $2.2million had been sitting on the marketfortwo years and more," says Ms. Zdunek, a non-practici ng lawyer withfour ch ildren. "It was prettytough, but I understood in the end. I was going to lose money in the same waythatpeople woke up and found their stock market portfolios were suddenly worth half what they had once beenworth."Mthin four days of listing the house, two prospective buyers made offers. Bythe sixth day, Ms. Zdunekacceptedthe higher bid, $1.82 million."I didnt want the house on the market for six months or a year hoping for a better price," she says. "At somepoint buyers begin to think there is something w rong w ith your house."Indeed, real estate agents are increasingly pushing sellers to price aggress ively at the start rather thanchoosing a wished-for number and hoping to get lucky. Too often price "adjustments" become necessary, givingthe house a stigma.A recent studyby@Properties finds that houses with no price adjustments from the opening listing sold, onaverage, atalmost95% of listing price at 122 days on the market. Houses that wentthrough one or moreadjustments-typically meaning that the asking price was originally too high-took an average of 218 days tosell and garnered less than 80% of the Iisting price.Thats a big gap. "Simply put, the houses that are sell ing quickly today are the ones that have been priced rightfrom the start," says Matthew Dollinger, vice-presiden t of strategic development at @Properties in Chicago, whocounsels agents on listing practices. "Selling a home has become like opening a new restaurant or club: Youwant the buzz and promotion and red ropes out front right from the start. Lower prices draw lots of couples whowant to look, and that creates a positive energythat puts the property in demand."Miss the splashy opening salvo, and the quest to sell can become a slog.UTILE INTERESTPaige Dooley, an agent at Hudson Co. in Winnetka, put a house in Winnetka up for sale in May2009 at $2.8million. The ow ners had paid $2.29 million for the house, which had unusual12-foot ceilings and a stunningpanorama of private gardens, in 2003 and then sunk more money into renovations."I knew the asking price was too high, but the ow ners wanted to see w hat they could get," Ms. Dooley says.Diana lvas, left, of the ReJMax Elite office in Hinsdale, with client Gayle Panos. Ms. Panos and her husbandfound that interest in their house spiked after they tweaked the price. Photo: John R. BoehmThe house got precious little attention. The asking price was lowered to $2.6 million in July2009, then $2 .5million in February of last year, then $2.3 million in March. In July, the sellers bit the bullet and went down to$1.99 mill ion. Wthin a week it was under contract, eventually selling for $1 .9 mill ion.chicagobusiness.com/article/. ../305079994 ... 2/4
    • M Mortgage Tax Deduction ...+- C Q www.money-zine.com/Calculators/Mortgage-Calculators/Mortgage-Tax-Deduction-Calculator/ _:__ _ __~ TweetDeck D Rll [:) Scrible ... Images [:) Bcamp @ QA • MRED Cs Connect [:) Realist 0 Events 1!1 @videos [:) Matt < Ads by Gooq!e Loan Calculator Goog~- c..tom S.ltlcll 401 K Calculator You r 401K Info Sjte Infiniti G37 Couoe Free Information on 40 lk Roll ove rs No Pay Off Calculator Compar e Lease Pricing on the G37 . Hassle Answers Research, Price , Design, &. Locate . 40 1 k .Eve ryM• n Bu slneu .com v.vNt. I nfin it iUSA.com Ada by CoogleMortgage Tax Deduction Calculator One of the nice things about a mortgage is ttat the internt charges are deductible from your federal income taxes. If you want to know just how 100ehyou can deduct, then try OU1 IIIOrtiage tax deduction calculator. It P<ov1des you with thetotal interest charees I tax. deductions over the tife of a mortgage as nf!l as an amor-tizationtaHe. K £ ~ toSignupfor Our Monthly Newsle tte r Nortgage Tax De6.Jction • 1 "" T ler Tolal Home loan Amount (S) 100.000.0C1 0 SHARE IJ t 181 ... Annual Interest Rate r;.) 6.000~. Tenn of the loan (Years) 30 Federal Tax Rate r;.) 33.0% Calculaor Reds: Morchly Paymere (S I Marth) 599.55 Total Paymeres (S) 215,838.19 Tolallnlereot Paid I Dedx:tion (S) 115.838.19 Tolal Tax BenefC (S) 38226.60 Principal Tax Deduction Year 1 (S) 98.771 .99 5.966.59 Year 2 (S) 97.468.24 5.890.85 Year 3 (S) 96.084.07 5.810.44 Year 4 (S) 94.614.53 5.725.07 Year 5($) 93.054.36 5.634.43 Year 6 (S) 5.538.20
    • REASONS TO BUY A HOME - THE MORTGAGE INTEREST DEDUCTIONWhile having lunch with a Realtor friend of mine yesterday, he commented that most of hiscolleagues still have a hard time explaining to potential buyers the benefits of HomeOwnership. There is a layer of negativity that is hovering over our industry right now. Its not justmedia. It is very real, to everyone out there, owner or renter. We know people underwater ontheir mortgages. We have friends and family members that are suffering through theforeclosure process or a short sale. Relatives that are enduring problems within condoassociations or who cannot get their mortgages refinanced or modified, even though it seemsthat the bank would want to help them. Given the circumstances, its really not that hard tobelieve that the very professionals who are supposed to be out there promoting homeownership, cant give a ringing endorsement for owning a home!The Mortgage Interest and Property Tax Deductions are probably the most tangible and easilysold benefits to Home Ownership, but also the least understood. Even I dont like getting intothis one, in a general sense, because every individuals taxes are different and I am far from aCPA. So, I went online and pulled tax forms from irs.gov and put together a very simpleexample of how much owning a home can save a single property owner in a given year.For this exercise, I am assuming the following. The tax payer is a Single Man or Woman,makes $75,000.00 a year and purchases a $200,000.00 home at 5% down. That would havethem carrying a mortgage of $237,500.00. I used an interest rate of 5% on a 30 Year Fixed formy calculations. The only other assumption I made here is that the tax payer puts 10% into a401K, reducing their taxable income to $67,500.00.Taking the standard deduction of $3650 this year, that leaves their taxable income at $63,850and leaves them with a tax in 2010 of $12,150.00.Now, using the assumptions above, in the first 9 years of Home Ownership, the tax payer wouldpay no less than $10,000.00 in mortgage interest. In our area, they would also typically payabout $3750 in property taxes, which is also an itemized deduction associated with owning ahome. That puts their Schedule A deduction between $15500 the first year in the home and$13750 by year nine. Now, heres what happens. That deduction reduces the taxable income,dollar for dollar. Subtracting that from your $63,850, puts the tax payer in a lower tax bracket,thus reducing there overall tax to around $8300. So, the home owner, between years 1 and 9,will save an estimated $3500-$3800 per year. Thats $31,000.00 over nine years. Those arereal dollars, not paid to the IRS, and a huge benefit to owning a home.Now, this scenario is going to be different for everyone buying a home, but thats how itworks. The Mortgage Interest Deduction is a very real, tangible benefit to owning a home. Onethat comes with a dollar sign attached!Joe Burke Read the full post atYour Chicago Mortgage Guy www.yourchicagomortgageguy.com773-742-6707joe@yourchicagomortgageguy.com
    • r- --t ~-o ___ ·L~~ H -m e s.._~~~--------~~s_c __._--~~ R- e~e _ ~~ _om ·· =·~es___···--~=~Th_m~···--~~~-EO~Str~· ~~~ sw r_ ·· --~~~~You_ub··---~~- ea__s_ .. ~, i Is: ~ _ o_ P- S _ ~ ··~ !a A___ ·- ~ __ T__ · ~ R_ I E t._ - ~ c ~==~================~==========~L_ of TweetDeck I] RIL Cl Scrible ~~ Images Cl Scamp @ QA !I MRED Cs Connect Cl Realist ____________________________ 0 ClEvents !!:) @videos Matt [f) Pandora ~ • L:B ~ YOUR INFORMATION Buying is better than renting after 5 years. AOVANCEDSETnNGS• Monthly rent 1, 100 Annual home price change +2% Annual rent increase or decrease +3% Buying is better ~ CJ Renting is better Home price ·10 0 10 20 30 ·10 0 10 20 30 172,000 $20,000 Down payment (%) $34.400 $15,000 20.0 $10,000 Mortgage rate(%) $781 $5,000 5.50 Annual property taxes (%) 52.322 -$5,000 1.35 -$10,000 -$15,000 -$20,000 YEARS FROM NOW 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30Y EAR-BY-Y EAR ANALYSIS Spent in Cumulative spent Spent in Cumulative spentYear 6 Buy ing year 6 from years 1 to 6 Renting year 6 from years 1 to 6 PURCHA SE COSTS INITIAL RENTING COSTSIf you stay in your Down payment 34,400 Rent deposit 1,100home for 6 years, Closing costs 6,880 Brokers fee 0buying is better. YEARLY COSTS YEARLY COSTS Mortgage payment• 7,988 47,564 Rent 15,302 85,383It will cost you Principal 2,439 12,813 - Renters insurance 202 1,127 Interest• 5,549 34,751 -$ 10,460 less Condo/common fees• 0 0 Property taxes• 2,092 11,952 -than renting, Utilities 7,570 • 1,325an average savings of Renovations 968 5,533 • Maintenance 968 5,533 •$ 1,74 3 each year. Homeowners insurance 891 5,091 I LOST OPPORTUNITY COSTS LOST OPPORTU,UTY COSTS .... ,...,,.., .......... . .... . . ,. ,; ... ;.;,..., ,..,. ........ .., a:c:n n ..,7n - o,. ..... .......,,..,...;.,;,..;.;,..., ... ,. ....... ~A A II
    • ~ Homes... ~New Yo... . SCom... c:I Reserve... c:I Thomp... " B sEOStr... !j!I ASW Tr... i!i YouTub... $R•+- C lp explore.trulia.com tdatav·s/ entvsouy/Q2-201l/of TweetDeck I] RIL Cl Scrible ~~ Images Cl Scamp @ QA • MRED Cs Connect Cl Realist 0 Events 1!1 @videos Cl Matt [f) Pand 9trulia·Rent vs. Buy Q2 2011 :#Tweet 314 () like 2K ~ Send Trulias Q2 2011 Rent vs. Buy Index provides guidance to help you better to rent or buy in each of Americas 50 largest cities by population. Click here for the full mel·hod ~u u Rent:Buy Ratio Rent Price Rent Price list Price San Fra nci. SanJose • Los Angeles San Antonio • 31 . 35 M ore affotd.able to rent • • · 26 · 30 21 . 25 16 . 20 Renting less expensive, but buying might be better . , - 15 • 6 · 10 M ore afforda ble to buy
    • 2011 YEAR TO DATE ESTIMATES FOR THE STATE, METROPOLITAN AREAS, MICROPOLITAN AREAS, COMBINED STATISTICAL AREASCOUNTIES, CITIES, LOCAL WORKFORCE AREAS AND ECONOMIC DEVELOPMENT REGIONS - NOT SEASONALLY ADJUSTEDScroll down to see full content of report City of Chicago LABOR UNEMPLOYED Unemployment RateAREA YEAR MO# FORCE EMPLOYED NUMBER RATE NumbersCALUMET CITY 2011 1 17,708 15,503 2,205 12.5CALUMET CITY 2011 2 17,658 15,562 2,096 11.9CALUMET CITY 2011 3 17,703 15,655 2,048 11.6CARBONDALE CITY 2011 1 14,448 13,533 915 6.3CARBONDALE CITY 2011 2 14,688 13,847 841 5.7CARBONDALE CITY 2011 3 14,764 13,967 797 5.4CAROL STREAM VILLAGE 2011 1 22,569 20,796 1,773 7.9CAROL STREAM VILLAGE 2011 2 22,546 20,876 1,670 7.4CAROL STREAM VILLAGE 2011 3 22,652 21,000 1,652 7.3CARPENTERSVILLE VILLAGE 2011 1 19,184 16,366 2,818 14.7CARPENTERSVILLE VILLAGE 2011 2 19,191 16,428 2,763 14.4CARPENTERSVILLE VILLAGE 2011 3 19,312 16,526 2,786 14.4CHAMPAIGN CITY 2011 1 42,985 39,554 3,431 8.0CHAMPAIGN CITY 2011 2 42,864 39,580 3,284 7.7CHAMPAIGN CITY 2011 3 43,024 39,936 3,088 7.2CHICAGO CITY 2011 1 1,301,691 1,169,802 131,889 10.1CHICAGO CITY 2011 2 1,299,422 1,174,263 125,159 9.6CHICAGO CITY 2011 3 1,303,076 1,181,243 121,833 9.3CHICAGO HEIGHTS CITY 2011 1 13,443 11,226 2,217 16.5CHICAGO HEIGHTS CITY 2011 2 13,387 11,269 2,118 15.8CHICAGO HEIGHTS CITY 2011 3 13,390 11,336 2,054 15.3CICERO TOWN 2011 1 32,138 27,836 4,302 13.4CICERO TOWN 2011 2 32,111 27,942 4,169 13.0CICERO TOWN 2011 3 32,298 28,108 4,190 13.0COLLINSVILLE CITY 2011 1 14,102 12,853 1,249 8.9COLLINSVILLE CITY 2011 2 13,925 12,635 1,290 9.3COLLINSVILLE CITY 2011 3 14,291 12,970 1,321 9.2CRYSTAL LAKE CITY 2011 1 22,274 20,285 1,989 8.9CRYSTAL LAKE CITY 2011 2 22,269 20,362 1,907 8.6CRYSTAL LAKE CITY 2011 3 22,341 20,483 1,858 8.3DANVILLE CITY 2011 1 13,210 11,814 1,396 10.6DANVILLE CITY 2011 2 12,982 11,614 1,368 10.5DANVILLE CITY 2011 3 13,144 11,817 1,327 10.1DECATUR CITY 2011 1 36,961 32,586 4,375 11.8DECATUR CITY 2011 2 36,349 32,017 4,332 11.9DECATUR CITY 2011 3 36,806 32,604 4,202 11.4
    • 2011 YEAR TO DATE ESTIMATES FOR THE STATE, METROPOLITAN AREAS, MICROPOLITAN AREAS, COMBINED STATISTICAL AREASCOUNTIES, CITIES, LOCAL WORKFORCE AREAS AND ECONOMIC DEVELOPMENT REGIONS - NOT SEASONALLY ADJUSTEDScroll down to see full content of report LABOR UNEMPLOYEDAREA YEAR MO# FORCE EMPLOYED NUMBER RATESTATE AND METROPOLITAN AREASILLINOIS 2011 1 6,565,729 5,933,320 632,409 9.6 NationalILLINOIS 2011 2 6,532,580 5,916,702 615,878 9.4ILLINOIS 2011 3 6,573,126 5,974,123 599,003 9.1 UnemploymentBLOOMINGTON-NORMAL MSA 2011 1 91,496 84,632 6,864 7.5 Numbers for the U.S.BLOOMINGTON-NORMAL MSA 2011 2 92,116 85,257 6,859 7.4 stood at 9.0% endingBLOOMINGTON-NORMAL MSA 2011 3 92,651 86,242 6,409 6.9 the Month of AprilCHAMPAIGN-URBANA MSA 2011 1 121,198 110,858 10,340 8.5CHAMPAIGN-URBANA MSA 2011 2 121,030 110,931 10,099 8.3CHAMPAIGN-URBANA MSA 2011 3 121,380 111,930 9,450 7.8CHICAGO-JOLIET-NAPERVILLE METROPOLITAN DIVISION 2011 1 4,043,468 3,664,655 378,813 9.4CHICAGO-JOLIET-NAPERVILLE METROPOLITAN DIVISION 2011 2 4,042,306 3,678,629 363,677 9.0CHICAGO-JOLIET-NAPERVILLE METROPOLITAN DIVISION 2011 3 4,055,028 3,700,495 354,533 8.7LAKE COUNTY-KENOSHA COUNTY IL-WI METROPOLITAN DIVISION 2011 1 439,745 393,972 45,773 10.4LAKE COUNTY-KENOSHA COUNTY IL-WI METROPOLITAN DIVISION 2011 2 435,984 389,604 46,380 10.6LAKE COUNTY-KENOSHA COUNTY IL-WI METROPOLITAN DIVISION 2011 3 440,421 395,083 45,338 10.3CHICAGO-JOLIET-NAPERVILLE-IL-IN-WI MSA 2011 1 4,798,649 4,342,817 455,832 9.5CHICAGO-JOLIET-NAPERVILLE-IL-IN-WI MSA 2011 2 4,793,710 4,352,870 440,840 9.2CHICAGO-JOLIET-NAPERVILLE-IL-IN-WI MSA 2011 3 4,813,265 4,384,168 429,097 8.9DANVILLE MSA 2011 1 36,894 32,750 4,144 11.2DANVILLE MSA 2011 2 36,268 32,195 4,073 11.2DANVILLE MSA 2011 3 36,652 32,758 3,894 10.6DAVENPORT-MOLINE-ROCK ISLAND, IA-IL MSA, IL PART 2011 1 113,117 102,948 10,169 9.0DAVENPORT-MOLINE-ROCK ISLAND, IA-IL MSA, IL PART 2011 2 111,051 101,033 10,018 9.0DAVENPORT-MOLINE-ROCK ISLAND, IA-IL MSA, IL PART 2011 3 112,705 102,651 10,054 8.9DAVENPORT-MOLINE-ROCK ISLAND, IA-IL MSA 2011 1 202,930 185,602 17,328 8.5DAVENPORT-MOLINE-ROCK ISLAND, IA-IL MSA 2011 2 200,856 183,964 16,892 8.4DAVENPORT-MOLINE-ROCK ISLAND, IA-IL MSA 2011 3 202,551 186,046 16,505 8.1DECATUR MSA 2011 1 54,645 48,586 6,059 11.1DECATUR MSA 2011 2 53,773 47,738 6,035 11.2DECATUR MSA 2011 3 54,412 48,613 5,799 10.7
    • News Release 33 S. State Street / Chicago, Illinois 60603 Pat Quinn, Governor Theresa P. Larkin, Acting Director Greg Rivara FOR IMMEDIATE RELEASE Phone: (312) 814-0095 May 19, 2011 www.ides.illinois.gov www.ILWorkInfo.com Unemployment Rate Falls 15th Time to 8.7 Percent Illinois Adds 100,000 Jobs Since Recovery Began CHICAGO – The seasonally adjusted unemployment rate fell for the 15th consecutive month, dropping -0.1 to 8.7 percent in April, according to preliminary data released today by the Illinois Department of Employment Security. This is the lowest unemployment rate since February 2009 when it was 8.6 percent. The national rate in April increased slightly by +0.2 to 9.0 percent. The Illinois rate has been equal to or below the U.S. rate for seven consecutive months. “Long-term trends show our economy continues to steadily improve,” IDES Acting Director Theresa P. Larkin said. “But no recovery is marked by a straight upward line. Even with a growing recovery, slight up-and-down movement in the unemployment rate and job creation is to be expected.” Illinois added +9,900 jobs in April. The three-month moving average of seasonally adjusted payroll employment gain for February through April is +10,900. The three-month context better depicts trends in the labor market by offsetting fluctuations in monthly payroll estimates. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added +100,300 net new jobs. Leading sectors are Professional and Business Services (+39,200); Educational and Health Services (+26,200); Trade, Transportation and Utilities (+26,100); and Manufacturing (+14,600). That represents a 1.8 percent job growth, compared to the nation’s 1.4 percent. In April, the number of unemployed individuals fell for the 15th consecutive month, dropping -6,600 (-1.1 percent) to 575,300, the lowest level since February 2009. Total unemployed has declined -164,800 (-22.3 percent) since January 2010 when the state unemployment rate peaked at 11.2 percent. The unemployment rate identifies those who are out of work and seeking employment. A person who exhausts benefits, or is ineligible, still will be reflected in the unemployment rate if they actively seek work. The IDES supports economic stability by administering unemployment benefits, collecting business contributions to fund those benefits, connecting employers with qualified job seekers, and providing economic information to assist career planning and economic development. It does so through nearly 60 offices, including Illinois workNet centers. - MORE - Illinois Department of Employment Security: 33 S. State St. Chicago, IL 60603
    • Seasonally Adjusted Unemployment Rates 3-Month April March April Moving 2011 2011 2010 Avg. Illinois 8.7% 8.8% 10.8%* 8.8% U.S. 9.0% 8.8% 9.8%* 8.9% * Revised Illinois Seasonally Adjusted Non-farm Jobs – by Major Industry Change Over from the Over the Previous April March April Month Year 3-Month 3-MonthIndustry Title 2011* 2011** 2010** Change Change Moving Avg. Mov. Avg.Total Non-farm 5,680,800 5,670,900 5,614,200 9,900 66,600 5,673,300 10,900Mining 9,400 9,400 9,000 0 400 9,500 0Construction 204,400 202,700 203,200 1,700 1,200 202,800 1,200Manufacturing 567,800 563,600 558,900 4,200 8,900 565,000 1,200Trade, Transportation, & Utilities 1,144,900 1,140,200 1,126,600 4,700 18,300 1,140,400 2,900Information 96,400 98,000 102,100 -1,600 -5,700 97,900 -1,300Financial Activities 353,700 354,500 362,300 -800 -8,600 354,700 -900Professional and Business Services 819,500 820,900 797,100 -1,400 22,400 819,500 2,900Educational and Health Services 847,900 847,000 827,500 900 20,400 847,700 1,700Leisure and Hospitality 524,200 524,000 514,300 200 9,900 525,400 900Other Services 259,400 260,800 254,700 -1,400 4,700 259,900 1,100Government 853,200 849,800 858,500 3,400 -5,300 850,700 1,300 * Preliminary ** RevisedNotes:• Illinois monthly labor force, unemployed and unemployment rates for years 2006-2010 have been revised as required by the U.S. Bureau of Labor Statistics. In February of each year, monthly labor force data for all states are revised to reflect updated Census population controls, seasonal factors, non-farm jobs and unemployment insurance claims inputs. Data were also smoothed to eliminate large monthly changes as a result of volatility in the monthly household (CPS) survey. Comments and tables distributed in prior Illinois unemployment rate news release materials should be discarded because any analysis, including records, previously cited might no longer be valid.• Seasonally adjusted employment data for subsectors within industries are not available. For not seasonally adjusted jobs data with greater industry detail, go to http://lmi.ides.state.il.us/cesfiles/cescurrent.htm.• “Other Services” includes a wide range of activities in three broad categories: Personal and laundry; repair and maintenance; and religious, grant making, civic and professional organizations.• Monthly seasonally adjusted unemployment rates for Illinois and the Chicago-Naperville-Joliet Metropolitan Division are available at: http://lmi.ides.state.il.us/laus/icmaur.htm. - END - Illinois Department of Employment Security: 33 S. State St. Chicago, IL 60603
    • Stats available at www.ChicagoRealtor.org Realtor Tools -> Fast Stats CHICAGOLAND ASSOCIATION OF REALTORS April 2011 Sales for Attached Single Family - Listed by TOWN Coverage Area: CHICAGO Attached Single Family # OF HOUSES SOLD AVERAGE SALE PRICE MEDIAN SALE PRICE TIME ON MARKET AVERAGE NEW LISTINGS MEDIAN NEW LISTINGS # OF NEW LISTINGS TOWN MTD MTD MTD AVG PRICE AVG PRICE MTD MEDIAN MEDIAN MTD AVG AVG MTD AVG AVG MTD MEDIAN MEDIAN MTD MTD MTD MTD 2011 2010 % CHG 2011 2010 % CHG 2011 2010 % CHG MTD MTD % CHG 2011 2010 % CHG MTD MTD % CHG 2011 2010 % CHG CHICAGO - ROGERS PARK 26 29 -10.3% 97,442 168,914 -42.3% 70,250 190,000 -63.0% 164 252 -34.9% 146,485 164,048 -10.7% 129,900 164,900 -21.2% 72 121 -40.5% CHICAGO - WEST RIDGE 55 44 25.0% 60,527 92,269 -34.4% 49,900 70,250 -29.0% 130 115 13.0% 101,855 156,173 -34.8% 74,950 149,250 -49.8% 84 84 0.0% CHICAGO - UPTOWN 35 62 -43.5% 174,878 256,514 -31.8% 150,000 247,500 -39.4% 135 179 -24.6% 249,960 236,452 5.7% 247,000 229,500 7.6% 150 196 -23.5% CHICAGO - LINCOLN SQUARE 13 38 -65.8% 207,292 261,930 -20.9% 140,000 280,750 -50.1% 111 122 -9.0% 236,208 242,802 -2.7% 229,000 229,450 -0.2% 61 86 -29.1% CHICAGO - NORTH CENTER 23 31 -25.8% 335,343 359,494 -6.7% 335,000 370,000 -9.5% 269 106 153.8% 367,851 371,728 -1.0% 381,200 375,000 1.7% 66 83 -20.5% CHICAGO - LAKE VIEW 96 144 -33.3% 359,393 353,840 1.6% 376,000 355,000 5.9% 177 167 6.0% 363,583 362,145 0.4% 349,900 332,450 5.2% 315 396 -20.5% CHICAGO - LINCOLN PARK 47 74 -36.5% 410,452 446,595 -8.1% 405,000 396,500 2.1% 156 144 8.3% 477,688 475,774 0.4% 395,000 416,950 -5.3% 201 230 -12.6% CHICAGO - NEAR NORTH SIDE 157 182 -13.7% 549,777 517,463 6.2% 337,500 341,500 -1.2% 208 171 21.6% 637,611 534,850 19.2% 395,000 352,515 12.1% 391 619 -36.8% CHICAGO - EDISON PARK 4 3 33.3% 105,978 185,667 -42.9% 106,455 162,000 -34.3% 200 218 -8.3% 176,283 183,929 -4.2% 161,950 189,900 -14.7% 6 7 -14.3% CHICAGO - NORWOOD PARK 4 4 0.0% 147,875 133,000 11.2% 79,250 135,000 -41.3% 204 80 155.0% 134,685 164,817 -18.3% 131,900 149,900 -12.0% 13 23 -43.5% CHICAGO - JEFFERSON PARK 3 2 50.0% 156,667 106,950 46.5% 170,000 106,950 59.0% 404 168 140.5% 149,720 186,450 -19.7% 139,900 171,400 -18.4% 5 30 -83.3% CHICAGO - FOREST GLEN 1 0 100.0% 67,000 - 0.0% 67,000 - 0.0% 60 - 0.0% 338,133 231,729 45.9% 350,000 219,900 59.2% 3 7 -57.1% CHICAGO - NORTH PARK 6 2 200.0% 90,063 153,825 -41.5% 65,250 153,825 -57.6% 310 136 127.9% 162,231 175,608 -7.6% 179,900 179,900 0.0% 13 13 0.0% CHICAGO - ALBANY PARK 9 15 -40.0% 108,794 173,053 -37.1% 64,900 205,000 -68.3% 226 194 16.5% 139,570 166,835 -16.3% 135,700 179,900 -24.6% 37 51 -27.5% CHICAGO - PORTAGE PARK 4 2 100.0% 46,775 156,450 -70.1% 37,500 156,450 -76.0% 73 506 -85.6% 139,217 175,170 -20.5% 120,000 164,500 -27.1% 23 32 -28.1% CHICAGO - IRVING PARK 12 17 -29.4% 165,450 230,053 -28.1% 136,950 200,000 -31.5% 321 151 112.6% 201,326 187,112 7.6% 189,000 189,900 -0.5% 45 56 -19.6% CHICAGO - DUNNING 6 16 -62.5% 95,933 173,438 -44.7% 99,550 163,250 -39.0% 102 207 -50.7% 189,083 174,524 8.3% 184,900 168,500 9.7% 6 21 -71.4% CHICAGO - MONTCLARE 4 0 100.0% 121,250 - 0.0% 123,000 - 0.0% 205 - 0.0% 93,213 194,900 -52.2% 108,950 194,900 -44.1% 8 2 300.0% CHICAGO - BELMONT CRAGIN 7 3 133.3% 62,736 104,667 -40.1% 21,400 80,000 -73.3% 151 299 -49.5% 82,600 138,191 -40.2% 94,500 149,000 -36.6% 5 23 -78.3% CHICAGO - HERMOSA 2 2 0.0% 34,500 111,000 -68.9% 34,500 111,000 -68.9% 38 166 -77.1% - 141,340 -100.0% - 145,777 -100.0% 0 7 -100.0% CHICAGO - AVONDALE 7 13 -46.2% 206,500 219,485 -5.9% 202,000 260,000 -22.3% 354 173 104.6% 212,525 228,409 -7.0% 199,000 239,900 -17.0% 28 53 -47.2% CHICAGO - LOGAN SQUARE 12 36 -66.7% 193,125 260,155 -25.8% 210,750 260,000 -18.9% 166 137 21.2% 291,673 281,949 3.4% 280,950 259,900 8.1% 82 107 -23.4% CHICAGO - HUMBOLDT PARK 4 6 -33.3% 126,750 38,417 229.9% 129,500 13,700 845.3% 289 161 79.5% 145,328 109,585 32.6% 139,900 89,900 55.6% 9 13 -30.8% CHICAGO - WEST TOWN 67 99 -32.3% 351,411 375,398 -6.4% 344,800 355,000 -2.9% 182 126 44.4% 356,584 372,020 -4.1% 350,000 359,000 -2.5% 197 266 -25.9% CHICAGO - AUSTIN 7 2 250.0% 46,057 1,550 2871.4% 44,900 1,550 2796.8% 114 278 -59.0% 87,789 119,646 -26.6% 60,000 99,900 -39.9% 9 13 -30.8%HICAGO - WEST GARFIELD PARK 0 1 -100.0% - 15,000 -100.0% - 15,000 -100.0% - 22 -100.0% 79,900 107,057 -25.4% 79,900 139,900 -42.9% 1 7 -85.7%HICAGO - EAST GARFIELD PARK 6 4 50.0% 31,192 42,475 -26.6% 32,200 44,500 -27.6% 49 148 -66.9% 112,069 94,491 18.6% 109,000 65,000 67.7% 13 23 -43.5% CHICAGO - NEAR WEST SIDE 61 79 -22.8% 287,670 312,834 -8.0% 273,900 313,520 -12.6% 145 148 -2.0% 322,685 332,911 -3.1% 274,900 289,900 -5.2% 173 230 -24.8% CHICAGO - NORTH LAWNDALE 1 1 0.0% 36,000 15,000 140.0% 36,000 15,000 140.0% 23 571 -96.0% 25,575 51,340 -50.2% 24,400 50,000 -51.2% 4 5 -20.0% CHICAGO - SOUTH LAWNDALE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 35,900 99,000 -63.7% 35,900 99,000 -63.7% 1 1 0.0% CHICAGO - LOWER WEST SIDE 0 2 -100.0% - 234,450 -100.0% - 234,450 -100.0% - 584 -100.0% 207,657 269,650 -23.0% 224,000 282,000 -20.6% 7 6 16.7% CHICAGO - LOOP 33 92 -64.1% 404,213 524,713 -23.0% 315,000 402,249 -21.7% 210 113 85.8% 496,093 385,044 28.8% 349,450 295,000 18.5% 122 159 -23.3% CHICAGO - NEAR SOUTH SIDE 26 56 -53.6% 290,783 459,200 -36.7% 282,250 336,125 -16.0% 228 358 -36.3% 375,093 368,797 1.7% 285,000 299,900 -5.0% 110 155 -29.0% CHICAGO - ARMOUR SQUARE 1 0 100.0% 308,000 - 0.0% 308,000 - 0.0% 107 - 0.0% 281,169 230,667 21.9% 262,250 228,000 15.0% 8 3 166.7% CHICAGO - DOUGLAS 3 1 200.0% 50,300 65,625 -23.4% 20,000 65,625 -69.5% 249 3 8200.0% 157,456 180,147 -12.6% 115,000 186,800 -38.4% 17 19 -10.5% CHICAGO - OAKLAND 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 199,280 284,522 -30.0% 202,450 259,000 -21.8% 10 9 11.1% CHICAGO - FULLER PARK 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0% CHICAGO - GRAND BOULEVARD 11 15 -26.7% 53,155 43,433 22.4% 42,500 36,000 18.1% 169 118 43.2% 143,312 135,896 5.5% 82,975 149,000 -44.3% 24 45 -46.7% CHICAGO - KENWOOD 7 7 0.0% 138,336 110,814 24.8% 137,000 82,000 67.1% 135 210 -35.7% 201,920 218,658 -7.7% 196,000 209,250 -6.3% 26 40 -35.0% CHICAGO - WASHINGTON PARK 6 7 -14.3% 23,334 65,929 -64.6% 24,750 30,000 -17.5% 95 174 -45.4% 68,346 79,991 -14.6% 55,000 50,000 10.0% 18 19 -5.3% CHICAGO - HYDE PARK 8 11 -27.3% 169,063 256,364 -34.1% 127,500 245,000 -48.0% 157 152 3.3% 193,436 203,995 -5.2% 152,450 189,000 -19.3% 48 53 -9.4% CHICAGO - WOODLAWN 11 9 22.2% 54,118 64,689 -16.3% 37,000 22,500 64.4% 126 111 13.5% 87,782 116,183 -24.4% 50,000 74,950 -33.3% 15 18 -16.7% CHICAGO - SOUTH SHORE 12 14 -14.3% 24,343 40,350 -39.7% 21,250 24,450 -13.1% 126 188 -33.0% 71,932 67,964 5.8% 43,500 50,000 -13.0% 26 36 -27.8% CHICAGO - CHATHAM 2 5 -60.0% 13,950 43,620 -68.0% 13,950 20,000 -30.3% 92 178 -48.3% 27,675 53,800 -48.6% 27,400 30,000 -8.7% 8 3 166.7% CHICAGO - AVALON PARK 1 0 100.0% 16,500 - 0.0% 16,500 - 0.0% 44 - 0.0% 27,790 23,000 20.8% 27,790 23,000 20.8% 2 1 100.0% CHICAGO - SOUTH CHICAGO 1 1 0.0% 29,000 23,900 21.3% 29,000 23,900 21.3% 280 56 400.0% 39,600 14,250 177.9% 39,900 14,250 180.0% 3 1 200.0% CHICAGO - BURNSIDE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - 85,000 -100.0% - 85,000 -100.0% 0 1 -100.0% CHICAGO - CALUMET HEIGHTS 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0% CHICAGO - ROSELAND 1 0 100.0% 14,900 - 0.0% 14,900 - 0.0% 1 - 0.0% 74,000 85,000 -12.9% 74,000 85,000 -12.9% 1 1 0.0% CHICAGO - PULLMAN 0 1 -100.0% - 165,000 -100.0% - 165,000 -100.0% - 45 -100.0% 39,900 110,560 -63.9% 39,900 115,000 -65.3% 1 5 -80.0% CHICAGO - SOUTH DEERING 2 3 -33.3% 26,000 48,967 -46.9% 26,000 30,000 -13.3% 235 67 250.7% 50,580 34,660 45.9% 34,900 18,000 93.9% 5 5 0.0% CHICAGO - EAST SIDE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0% CHICAGO - WEST PULLMAN 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 37,120 57,567 -35.5% 37,120 64,900 -42.8% 1 3 -66.7% CHICAGO - RIVERDALE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0% CHICAGO - HEGEWISCH 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0% CHICAGO - GARFIELD RIDGE 1 1 0.0% 58,000 90,000 -35.6% 58,000 90,000 -35.6% 531 1,266 -58.1% 48,950 101,950 -52.0% 48,450 101,950 -52.5% 4 2 100.0% CHICAGO - ARCHER HEIGHTS 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - 39,950 -100.0% - 39,949 -100.0% 0 2 -100.0% Disclaimer: Statistics provided using data from Midwest Real Estate Data LLC. The Association makes no claim as to the accuracy of this data and has provided this data as a service to our members.
    • CHICAGOLAND ASSOCIATION OF REALTORS April 2011 Sales for Attached Single Family - Listed by TOWN Coverage Area: CHICAGO CHICAGO - BRIGHTON PARK 1 0 100.0% 80,000 - 0.0% 80,000 - 0.0% 27 - 0.0% 90,890 113,633 -20.0% 90,890 119,900 -24.2% 2 3 -33.3% CHICAGO - MCKINLEY PARK 2 1 100.0% 172,500 78,750 119.0% 172,500 78,750 119.0% 216 422 -48.8% 121,900 187,789 -35.1% 121,900 196,500 -38.0% 1 8 -87.5% CHICAGO - BRIDGEPORT 5 1 400.0% 202,700 454,000 -55.4% 213,000 454,000 -53.1% 85 85 0.0% 185,791 283,983 -34.6% 170,000 242,000 -29.8% 11 14 -21.4% CHICAGO - NEW CITY 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 59,900 249,000 -75.9% 59,900 249,000 -75.9% 1 2 -50.0% CHICAGO - WEST ELSDON 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 94,700 49,900 89.8% 104,900 49,900 110.2% 4 2 100.0% CHICAGO - GAGE PARK 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - 64,000 -100.0% - 64,000 -100.0% 0 2 -100.0% CHICAGO - CLEARING 1 0 100.0% 170,000 - 0.0% 170,000 - 0.0% 50 - 0.0% 140,563 167,796 -16.2% 117,450 162,400 -27.7% 8 8 0.0% CHICAGO - WEST LAWN 2 1 100.0% 28,450 31,000 -8.2% 28,450 31,000 -8.2% 98 20 390.0% 39,725 104,520 -62.0% 33,000 99,000 -66.7% 4 5 -20.0% CHICAGO - CHICAGO LAWN 0 1 -100.0% - 2,000 -100.0% - 2,000 -100.0% - 246 -100.0% 74,999 72,400 3.6% 74,999 72,400 3.6% 1 2 -50.0% CHICAGO - WEST ENGLEWOOD 0 1 -100.0% - 6,500 -100.0% - 6,500 -100.0% - 21 -100.0% 65,000 8,240 688.8% 65,000 8,240 688.8% 1 1 0.0% CHICAGO - ENGLEWOOD 0 1 -100.0% - 9,000 -100.0% - 9,000 -100.0% - 12 -100.0% - - 0.0% - - 0.0% 0 0 0.0%O - GREATER GRAND CROSSING 2 0 100.0% 16,750 - 0.0% 16,750 - 0.0% 355 - 0.0% 40,050 23,231 72.4% 40,050 7,162 459.2% 2 4 -50.0% CHICAGO - ASHBURN 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 127,200 92,000 38.3% 127,200 92,000 38.3% 2 1 100.0% CHICAGO - AUBURN GRESHAM 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 62,500 - 0.0% 62,500 - 0.0% 2 0 100.0% CHICAGO - BEVERLY 1 1 0.0% 37,500 40,500 -7.4% 37,500 40,500 -7.4% 204 498 -59.0% 140,750 129,740 8.5% 141,500 134,900 4.9% 4 5 -20.0% CAGO - WASHINGTON HEIGHTS 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - 20,000 -100.0% - 20,000 -100.0% 0 1 -100.0% HICAGO - MOUNT GREENWOOD 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - 200,000 -100.0% - 200,000 -100.0% 0 1 -100.0% CHICAGO - MORGAN PARK 1 3 -66.7% 46,000 114,167 -59.7% 46,000 150,000 -69.3% 434 130 233.8% 109,300 111,262 -1.8% 80,000 132,900 -39.8% 6 13 -53.8% CHICAGO - OHARE 11 13 -15.4% 61,345 91,000 -32.6% 60,000 55,000 9.1% 126 111 13.5% 127,985 119,682 6.9% 111,999 104,900 6.8% 26 31 -16.1% CHICAGO - EDGEWATER 21 72 -70.8% 216,260 221,261 -2.3% 185,000 225,000 -17.8% 152 208 -26.9% 222,321 214,095 3.8% 209,000 202,400 3.3% 99 164 -39.6% Disclaimer: Statistics provided using data from Midwest Real Estate Data LLC. The Association makes no claim as to the accuracy of this data and has provided this data as a service to our members.
    • Stats available at www.ChicagoRealtor.org Realtor Tools -> Fast Stats CHICAGOLAND ASSOCIATION OF REALTORS April 2011 Sales for Detached Single Family - Listed by TOWN Coverage Area: CHICAGO Detached Single Family # OF HOUSES SOLD AVERAGE SALE PRICE MEDIAN SALE PRICE TIME ON MARKET AVERAGE NEW LISTINGS MEDIAN NEW LISTINGS # OF NEW LISTINGS TOWN MTD MTD MTD AVG PRICE AVG PRICE MTD MEDIAN MEDIAN MTD AVG AVG MTD AVG AVG MTD MEDIAN MEDIAN MTD MTD MTD MTD 2011 2010 % CHG 2011 2010 % CHG 2011 2010 % CHG MTD MTD % CHG 2011 2010 % CHG MTD MTD % CHG 2011 2010 % CHG CHICAGO - ROGERS PARK 3 5 -40.0% 305,000 427,650 -28.7% 260,000 392,000 -33.7% 97 307 -68.4% 363,225 438,757 -17.2% 361,500 469,000 -22.9% 4 7 -42.9% CHICAGO - WEST RIDGE 5 12 -58.3% 309,400 297,708 3.9% 265,000 253,750 4.4% 341 193 76.7% 358,204 338,648 5.8% 379,900 345,000 10.1% 25 29 -13.8% CHICAGO - UPTOWN 1 4 -75.0% 660,000 962,750 -31.4% 660,000 940,500 -29.8% 15 180 -91.7% 1,038,363 651,871 59.3% 854,950 675,000 26.7% 8 7 14.3% CHICAGO - LINCOLN SQUARE 4 11 -63.6% 523,750 576,636 -9.2% 532,500 578,000 -7.9% 54 123 -56.1% 635,667 768,335 -17.3% 685,000 679,000 0.9% 15 17 -11.8% CHICAGO - NORTH CENTER 9 8 12.5% 749,467 591,432 26.7% 750,000 562,500 33.3% 91 110 -17.3% 952,202 967,448 -1.6% 834,450 924,700 -9.8% 44 44 0.0% CHICAGO - LAKE VIEW 9 8 12.5% 1,032,500 953,500 8.3% 1,162,500 842,500 38.0% 205 169 21.3% 1,037,863 1,096,408 -5.3% 967,500 911,750 6.1% 24 36 -33.3% CHICAGO - LINCOLN PARK 11 14 -21.4% 1,688,755 1,815,498 -7.0% 1,070,000 1,530,000 -30.1% 209 169 23.7% 2,008,071 1,766,919 13.6% 1,622,000 1,395,000 16.3% 38 53 -28.3% CHICAGO - NEAR NORTH SIDE 0 2 -100.0% - 3,705,000 -100.0% - 3,705,000 -100.0% - 252 -100.0% 3,008,643 3,813,300 -21.1% 2,597,500 3,949,500 -34.2% 14 10 40.0% CHICAGO - EDISON PARK 9 8 12.5% 257,528 274,500 -6.2% 238,750 248,750 -4.0% 118 207 -43.0% 374,586 370,804 1.0% 367,450 355,900 3.2% 22 25 -12.0% CHICAGO - NORWOOD PARK 16 26 -38.5% 214,025 314,696 -32.0% 187,500 300,950 -37.7% 193 147 31.3% 304,011 363,886 -16.5% 294,900 319,950 -7.8% 53 70 -24.3% CHICAGO - JEFFERSON PARK 6 15 -60.0% 216,833 228,967 -5.3% 208,000 225,000 -7.6% 148 151 -2.0% 253,982 278,966 -9.0% 259,900 285,000 -8.8% 25 45 -44.4% CHICAGO - FOREST GLEN 15 16 -6.3% 436,800 384,375 13.6% 310,000 388,500 -20.2% 188 194 -3.1% 461,375 475,352 -2.9% 449,900 467,394 -3.7% 28 56 -50.0% CHICAGO - NORTH PARK 7 5 40.0% 358,400 363,000 -1.3% 390,000 340,000 14.7% 181 42 331.0% 406,675 402,044 1.2% 349,500 389,450 -10.3% 8 16 -50.0% CHICAGO - ALBANY PARK 5 9 -44.4% 192,200 235,611 -18.4% 143,000 231,000 -38.1% 123 276 -55.4% 362,375 313,695 15.5% 344,450 302,450 13.9% 16 20 -20.0% CHICAGO - PORTAGE PARK 21 33 -36.4% 161,462 230,133 -29.8% 145,200 217,100 -33.1% 129 152 -15.1% 257,752 245,199 5.1% 249,900 242,400 3.1% 49 70 -30.0% CHICAGO - IRVING PARK 14 18 -22.2% 282,495 351,711 -19.7% 255,212 309,000 -17.4% 231 125 84.8% 412,514 407,175 1.3% 419,000 369,000 13.6% 41 37 10.8% CHICAGO - DUNNING 25 33 -24.2% 164,428 217,244 -24.3% 160,000 214,999 -25.6% 134 188 -28.7% 217,531 236,258 -7.9% 199,900 239,000 -16.4% 55 78 -29.5% CHICAGO - MONTCLARE 5 12 -58.3% 144,400 164,946 -12.5% 165,000 160,000 3.1% 245 106 131.1% 185,757 221,129 -16.0% 165,000 234,500 -29.6% 21 17 23.5% CHICAGO - BELMONT CRAGIN 23 34 -32.4% 112,165 159,991 -29.9% 92,000 173,750 -47.1% 138 124 11.3% 162,345 178,790 -9.2% 149,900 194,500 -22.9% 55 77 -28.6% CHICAGO - HERMOSA 4 5 -20.0% 138,250 128,800 7.3% 140,000 115,000 21.7% 174 215 -19.1% 157,267 123,561 27.3% 154,950 129,900 19.3% 6 13 -53.8% CHICAGO - AVONDALE 7 7 0.0% 218,414 252,364 -13.5% 200,000 214,900 -6.9% 115 104 10.6% 312,600 288,388 8.4% 239,000 249,000 -4.0% 13 23 -43.5% CHICAGO - LOGAN SQUARE 19 14 35.7% 643,533 497,107 29.5% 470,000 485,500 -3.2% 225 242 -7.0% 635,541 593,236 7.1% 539,000 499,900 7.8% 37 55 -32.7% CHICAGO - HUMBOLDT PARK 9 13 -30.8% 58,767 36,569 60.7% 20,000 23,500 -14.9% 144 91 58.2% 108,164 114,222 -5.3% 82,450 99,000 -16.7% 24 41 -41.5% CHICAGO - WEST TOWN 13 13 0.0% 740,132 597,413 23.9% 627,000 514,000 22.0% 223 151 47.7% 690,637 796,254 -13.3% 599,900 736,950 -18.6% 35 38 -7.9% CHICAGO - AUSTIN 20 36 -44.4% 87,631 103,161 -15.1% 35,700 79,500 -55.1% 98 94 4.3% 136,885 146,252 -6.4% 109,000 148,500 -26.6% 43 65 -33.8%HICAGO - WEST GARFIELD PARK 1 3 -66.7% 10,000 15,767 -36.6% 10,000 14,900 -32.9% 63 196 -67.9% 22,444 54,950 -59.2% 22,444 54,950 -59.2% 2 2 0.0%HICAGO - EAST GARFIELD PARK 2 3 -33.3% 26,050 123,333 -78.9% 26,050 150,000 -82.6% 233 120 94.2% 217,450 181,600 19.7% 217,450 144,900 50.1% 2 3 -33.3% CHICAGO - NEAR WEST SIDE 1 4 -75.0% 170,000 429,083 -60.4% 170,000 185,000 -8.1% 213 66 222.7% 583,480 535,843 8.9% 194,900 499,000 -60.9% 5 7 -28.6% CHICAGO - NORTH LAWNDALE 1 3 -66.7% 150,000 84,500 77.5% 150,000 78,000 92.3% 33 8 312.5% 137,675 63,843 115.6% 126,950 48,629 161.1% 4 6 -33.3% CHICAGO - SOUTH LAWNDALE 8 3 166.7% 56,525 31,500 79.4% 51,099 29,500 73.2% 112 154 -27.3% 72,800 74,060 -1.7% 77,450 62,000 24.9% 10 10 0.0% CHICAGO - LOWER WEST SIDE 2 1 100.0% 80,500 160,000 -49.7% 80,500 160,000 -49.7% 250 602 -58.5% 180,750 256,175 -29.4% 142,500 212,450 -32.9% 4 4 0.0% CHICAGO - LOOP 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0% CHICAGO - NEAR SOUTH SIDE 0 2 -100.0% - 815,000 -100.0% - 815,000 -100.0% - 108 -100.0% 799,000 885,225 -9.7% 799,000 955,000 -16.3% 1 4 -75.0% CHICAGO - ARMOUR SQUARE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 293,333 599,000 -51.0% 265,000 599,000 -55.8% 3 1 200.0% CHICAGO - DOUGLAS 1 1 0.0% 40,200 60,000 -33.0% 40,200 60,000 -33.0% 16 106 -84.9% 300,000 409,633 -26.8% 300,000 335,000 -10.4% 2 3 -33.3% CHICAGO - OAKLAND 2 1 100.0% 126,000 265,000 -52.5% 126,000 265,000 -52.5% 317 120 164.2% 254,450 178,510 42.5% 254,450 165,900 53.4% 2 3 -33.3% CHICAGO - FULLER PARK 1 0 100.0% 7,000 - 0.0% 7,000 - 0.0% 84 - 0.0% 29,650 178,940 -83.4% 29,650 130,000 -77.2% 2 3 -33.3% CHICAGO - GRAND BOULEVARD 3 5 -40.0% 118,433 102,980 15.0% 143,500 102,900 39.5% 82 187 -56.1% 233,736 279,929 -16.5% 225,000 274,950 -18.2% 7 14 -50.0% CHICAGO - KENWOOD 1 4 -75.0% 2,350,000 986,000 138.3% 2,350,000 775,000 203.2% 67 563 -88.1% 707,225 968,557 -27.0% 404,950 814,000 -50.3% 4 14 -71.4% CHICAGO - WASHINGTON PARK 0 1 -100.0% - 330,000 -100.0% - 330,000 -100.0% - 3 -100.0% - 150,633 -100.0% - 159,900 -100.0% 0 3 -100.0% CHICAGO - HYDE PARK 0 1 -100.0% - 337,000 -100.0% - 337,000 -100.0% - 602 -100.0% 640,450 685,067 -6.5% 612,000 734,000 -16.6% 6 6 0.0% CHICAGO - WOODLAWN 1 1 0.0% 20,150 27,500 -26.7% 20,150 27,500 -26.7% 32 587 -94.5% 131,079 93,940 39.5% 158,900 109,900 44.6% 5 5 0.0% CHICAGO - SOUTH SHORE 8 10 -20.0% 89,688 138,020 -35.0% 51,000 170,000 -70.0% 133 81 64.2% 223,300 149,863 49.0% 224,900 63,500 254.2% 9 26 -65.4% CHICAGO - CHATHAM 8 19 -57.9% 91,113 106,171 -14.2% 72,500 100,000 -27.5% 167 91 83.5% 114,601 114,162 0.4% 117,000 114,500 2.2% 26 32 -18.8% CHICAGO - AVALON PARK 2 5 -60.0% 102,500 70,180 46.1% 102,500 50,000 105.0% 298 24 1141.7% 86,160 111,767 -22.9% 70,000 129,950 -46.1% 10 12 -16.7% CHICAGO - SOUTH CHICAGO 8 13 -38.5% 52,563 47,600 10.4% 27,250 35,000 -22.1% 94 66 42.4% 92,720 78,666 17.9% 94,900 54,900 72.9% 20 25 -20.0% CHICAGO - BURNSIDE 1 3 -66.7% 27,500 73,550 -62.6% 27,500 23,900 15.1% 208 258 -19.4% 55,467 114,132 -51.4% 34,500 38,000 -9.2% 3 7 -57.1% CHICAGO - CALUMET HEIGHTS 7 3 133.3% 56,686 58,667 -3.4% 30,000 39,000 -23.1% 117 115 1.7% 140,780 130,379 8.0% 159,500 159,900 -0.3% 15 21 -28.6% CHICAGO - ROSELAND 13 27 -51.9% 48,231 36,404 32.5% 30,000 14,000 114.3% 88 84 4.8% 78,276 86,880 -9.9% 79,900 82,500 -3.2% 33 70 -52.9% CHICAGO - PULLMAN 2 0 100.0% 90,000 - 0.0% 90,000 - 0.0% 212 - 0.0% 89,267 108,714 -17.9% 55,000 117,500 -53.2% 3 7 -57.1% CHICAGO - SOUTH DEERING 2 5 -60.0% 32,500 51,414 -36.8% 32,500 53,400 -39.1% 326 18 1711.1% 47,700 80,909 -41.0% 40,000 69,750 -42.7% 5 16 -68.8% CHICAGO - EAST SIDE 5 11 -54.5% 96,008 81,091 18.4% 90,000 75,000 20.0% 228 78 192.3% 140,582 128,526 9.4% 119,900 129,000 -7.1% 11 21 -47.6% CHICAGO - WEST PULLMAN 18 24 -25.0% 63,316 46,613 35.8% 42,150 31,000 36.0% 193 72 168.1% 74,639 64,502 15.7% 82,500 39,900 106.8% 26 57 -54.4% CHICAGO - RIVERDALE 2 2 0.0% 9,225 10,500 -12.1% 9,225 10,500 -12.1% 117 17 588.2% - 19,450 -100.0% - 19,450 -100.0% 0 2 -100.0% CHICAGO - HEGEWISCH 0 3 -100.0% - 94,000 -100.0% - 105,000 -100.0% - 246 -100.0% 156,700 147,325 6.4% 149,900 146,250 2.5% 5 10 -50.0% CHICAGO - GARFIELD RIDGE 20 28 -28.6% 151,564 163,482 -7.3% 144,950 168,500 -14.0% 132 92 43.5% 197,172 222,813 -11.5% 184,900 209,700 -11.8% 52 65 -20.0% CHICAGO - ARCHER HEIGHTS 6 6 0.0% 132,317 148,750 -11.0% 133,450 158,750 -15.9% 276 282 -2.1% 151,033 174,982 -13.7% 149,900 184,950 -19.0% 9 18 -50.0% Disclaimer: Statistics provided using data from Midwest Real Estate Data LLC. The Association makes no claim as to the accuracy of this data and has provided this data as a service to our members.
    • CHICAGOLAND ASSOCIATION OF REALTORS April 2011 Sales for Detached Single Family - Listed by TOWN Coverage Area: CHICAGO CHICAGO - BRIGHTON PARK 7 4 75.0% 79,700 77,625 2.7% 63,000 58,750 7.2% 123 54 127.8% 105,360 161,733 -34.9% 104,950 149,900 -30.0% 10 15 -33.3% CHICAGO - MCKINLEY PARK 4 5 -20.0% 175,725 161,440 8.8% 176,000 180,000 -2.2% 99 90 10.0% 247,437 216,386 14.4% 228,250 187,000 22.1% 8 7 14.3% CHICAGO - BRIDGEPORT 1 2 -50.0% 80,000 351,650 -77.3% 80,000 351,650 -77.3% 15 80 -81.3% 480,547 409,260 17.4% 417,900 408,750 2.2% 19 10 90.0% CHICAGO - NEW CITY 6 9 -33.3% 42,917 41,689 2.9% 26,500 20,000 32.5% 187 31 503.2% 182,033 93,631 94.4% 124,950 49,900 150.4% 12 17 -29.4% CHICAGO - WEST ELSDON 6 9 -33.3% 120,458 132,222 -8.9% 94,875 125,000 -24.1% 121 79 53.2% 145,194 160,877 -9.7% 146,450 149,900 -2.3% 18 28 -35.7% CHICAGO - GAGE PARK 7 13 -46.2% 87,271 75,615 15.4% 95,000 72,000 31.9% 173 152 13.8% 120,330 109,401 10.0% 109,900 98,888 11.1% 13 29 -55.2% CHICAGO - CLEARING 10 20 -50.0% 156,950 180,675 -13.1% 151,450 183,000 -17.2% 88 175 -49.7% 184,054 214,218 -14.1% 169,900 226,900 -25.1% 33 28 17.9% CHICAGO - WEST LAWN 22 17 29.4% 128,000 130,721 -2.1% 128,500 128,750 -0.2% 114 153 -25.5% 154,600 160,598 -3.7% 150,000 164,000 -8.5% 45 54 -16.7% CHICAGO - CHICAGO LAWN 35 25 40.0% 63,342 59,376 6.7% 47,250 37,400 26.3% 178 88 102.3% 109,028 94,037 15.9% 116,950 89,500 30.7% 62 68 -8.8% CHICAGO - WEST ENGLEWOOD 12 18 -33.3% 19,717 25,536 -22.8% 11,750 13,727 -14.4% 118 124 -4.8% 44,175 41,153 7.3% 24,950 19,900 25.4% 24 45 -46.7% CHICAGO - ENGLEWOOD 6 9 -33.3% 15,709 22,344 -29.7% 11,250 7,200 56.3% 116 178 -34.8% 42,406 37,577 12.8% 19,850 16,700 18.9% 12 26 -53.8%O - GREATER GRAND CROSSING 7 10 -30.0% 89,643 53,190 68.5% 99,000 26,450 274.3% 113 73 54.8% 88,504 93,020 -4.9% 79,900 75,000 6.5% 23 27 -14.8% CHICAGO - ASHBURN 28 29 -3.4% 120,871 137,591 -12.2% 115,000 140,500 -18.1% 168 116 44.8% 134,244 149,475 -10.2% 139,000 151,000 -7.9% 81 94 -13.8% CHICAGO - AUBURN GRESHAM 13 29 -55.2% 45,858 80,048 -42.7% 28,500 55,000 -48.2% 160 114 40.4% 110,987 103,038 7.7% 115,999 113,500 2.2% 59 50 18.0% CHICAGO - BEVERLY 19 6 216.7% 258,121 238,317 8.3% 225,000 235,000 -4.3% 208 81 156.8% 308,914 320,640 -3.7% 274,450 289,999 -5.4% 44 39 12.8% CAGO - WASHINGTON HEIGHTS 16 16 0.0% 81,309 113,419 -28.3% 57,050 143,250 -60.2% 84 143 -41.3% 107,722 103,046 4.5% 99,450 115,000 -13.5% 32 39 -17.9% HICAGO - MOUNT GREENWOOD 8 16 -50.0% 166,688 230,919 -27.8% 170,000 230,000 -26.1% 78 118 -33.9% 237,273 219,119 8.3% 209,950 219,900 -4.5% 30 33 -9.1% CHICAGO - MORGAN PARK 6 12 -50.0% 127,650 127,038 0.5% 149,950 140,950 6.4% 135 105 28.6% 176,205 189,636 -7.1% 204,900 156,250 31.1% 21 42 -50.0% CHICAGO - OHARE 0 1 -100.0% - 333,000 -100.0% - 333,000 -100.0% - 222 -100.0% 374,950 347,475 7.9% 374,950 341,000 10.0% 2 4 -50.0% CHICAGO - EDGEWATER 10 6 66.7% 372,850 578,513 -35.6% 365,000 535,587 -31.9% 177 274 -35.4% 494,489 691,170 -28.5% 445,000 664,900 -33.1% 9 10 -10.0% Disclaimer: Statistics provided using data from Midwest Real Estate Data LLC. The Association makes no claim as to the accuracy of this data and has provided this data as a service to our members.
    • Stats available at www.ChicagoRealtor.org Realtor Tools -> Fast Stats CHICAGOLAND ASSOCIATION OF REALTORS April 2011 Sales for Detached Single Family - Listed by TOWN Coverage Area: CHICAGO Detached Single Family # OF HOUSES SOLD AVERAGE SALE PRICE MEDIAN SALE PRICE TIME ON MARKET AVERAGE NEW LISTINGS MEDIAN NEW LISTINGS # OF NEW LISTINGS TOWN MTD MTD MTD AVG PRICE AVG PRICE MTD MEDIAN MEDIAN MTD AVG AVG MTD AVG AVG MTD MEDIAN MEDIAN MTD MTD MTD MTD 2011 2010 % CHG 2011 2010 % CHG 2011 2010 % CHG MTD MTD % CHG 2011 2010 % CHG MTD MTD % CHG 2011 2010 % CHG CHICAGO - ROGERS PARK 3 5 -40.0% 305,000 427,650 -28.7% 260,000 392,000 -33.7% 97 307 -68.4% 363,225 438,757 -17.2% 361,500 469,000 -22.9% 4 7 -42.9% CHICAGO - WEST RIDGE 5 12 -58.3% 309,400 297,708 3.9% 265,000 253,750 4.4% 341 193 76.7% 358,204 338,648 5.8% 379,900 345,000 10.1% 25 29 -13.8% CHICAGO - UPTOWN 1 4 -75.0% 660,000 962,750 -31.4% 660,000 940,500 -29.8% 15 180 -91.7% 1,038,363 651,871 59.3% 854,950 675,000 26.7% 8 7 14.3% CHICAGO - LINCOLN SQUARE 4 11 -63.6% 523,750 576,636 -9.2% 532,500 578,000 -7.9% 54 123 -56.1% 635,667 768,335 -17.3% 685,000 679,000 0.9% 15 17 -11.8% CHICAGO - NORTH CENTER 9 8 12.5% 749,467 591,432 26.7% 750,000 562,500 33.3% 91 110 -17.3% 952,202 967,448 -1.6% 834,450 924,700 -9.8% 44 44 0.0% CHICAGO - LAKE VIEW 9 8 12.5% 1,032,500 953,500 8.3% 1,162,500 842,500 38.0% 205 169 21.3% 1,037,863 1,096,408 -5.3% 967,500 911,750 6.1% 24 36 -33.3% CHICAGO - LINCOLN PARK 11 14 -21.4% 1,688,755 1,815,498 -7.0% 1,070,000 1,530,000 -30.1% 209 169 23.7% 2,008,071 1,766,919 13.6% 1,622,000 1,395,000 16.3% 38 53 -28.3% CHICAGO - NEAR NORTH SIDE 0 2 -100.0% - 3,705,000 -100.0% - 3,705,000 -100.0% - 252 -100.0% 3,008,643 3,813,300 -21.1% 2,597,500 3,949,500 -34.2% 14 10 40.0% CHICAGO - EDISON PARK 9 8 12.5% 257,528 274,500 -6.2% 238,750 248,750 -4.0% 118 207 -43.0% 374,586 370,804 1.0% 367,450 355,900 3.2% 22 25 -12.0% CHICAGO - NORWOOD PARK 16 26 -38.5% 214,025 314,696 -32.0% 187,500 300,950 -37.7% 193 147 31.3% 304,011 363,886 -16.5% 294,900 319,950 -7.8% 53 70 -24.3% CHICAGO - JEFFERSON PARK 6 15 -60.0% 216,833 228,967 -5.3% 208,000 225,000 -7.6% 148 151 -2.0% 253,982 278,966 -9.0% 259,900 285,000 -8.8% 25 45 -44.4% CHICAGO - FOREST GLEN 15 16 -6.3% 436,800 384,375 13.6% 310,000 388,500 -20.2% 188 194 -3.1% 461,375 475,352 -2.9% 449,900 467,394 -3.7% 28 56 -50.0% CHICAGO - NORTH PARK 7 5 40.0% 358,400 363,000 -1.3% 390,000 340,000 14.7% 181 42 331.0% 406,675 402,044 1.2% 349,500 389,450 -10.3% 8 16 -50.0% CHICAGO - ALBANY PARK 5 9 -44.4% 192,200 235,611 -18.4% 143,000 231,000 -38.1% 123 276 -55.4% 362,375 313,695 15.5% 344,450 302,450 13.9% 16 20 -20.0% CHICAGO - PORTAGE PARK 21 33 -36.4% 161,462 230,133 -29.8% 145,200 217,100 -33.1% 129 152 -15.1% 257,752 245,199 5.1% 249,900 242,400 3.1% 49 70 -30.0% CHICAGO - IRVING PARK 14 18 -22.2% 282,495 351,711 -19.7% 255,212 309,000 -17.4% 231 125 84.8% 412,514 407,175 1.3% 419,000 369,000 13.6% 41 37 10.8% CHICAGO - DUNNING 25 33 -24.2% 164,428 217,244 -24.3% 160,000 214,999 -25.6% 134 188 -28.7% 217,531 236,258 -7.9% 199,900 239,000 -16.4% 55 78 -29.5% CHICAGO - MONTCLARE 5 12 -58.3% 144,400 164,946 -12.5% 165,000 160,000 3.1% 245 106 131.1% 185,757 221,129 -16.0% 165,000 234,500 -29.6% 21 17 23.5% CHICAGO - BELMONT CRAGIN 23 34 -32.4% 112,165 159,991 -29.9% 92,000 173,750 -47.1% 138 124 11.3% 162,345 178,790 -9.2% 149,900 194,500 -22.9% 55 77 -28.6% CHICAGO - HERMOSA 4 5 -20.0% 138,250 128,800 7.3% 140,000 115,000 21.7% 174 215 -19.1% 157,267 123,561 27.3% 154,950 129,900 19.3% 6 13 -53.8% CHICAGO - AVONDALE 7 7 0.0% 218,414 252,364 -13.5% 200,000 214,900 -6.9% 115 104 10.6% 312,600 288,388 8.4% 239,000 249,000 -4.0% 13 23 -43.5% CHICAGO - LOGAN SQUARE 19 14 35.7% 643,533 497,107 29.5% 470,000 485,500 -3.2% 225 242 -7.0% 635,541 593,236 7.1% 539,000 499,900 7.8% 37 55 -32.7% CHICAGO - HUMBOLDT PARK 9 13 -30.8% 58,767 36,569 60.7% 20,000 23,500 -14.9% 144 91 58.2% 108,164 114,222 -5.3% 82,450 99,000 -16.7% 24 41 -41.5% CHICAGO - WEST TOWN 13 13 0.0% 740,132 597,413 23.9% 627,000 514,000 22.0% 223 151 47.7% 690,637 796,254 -13.3% 599,900 736,950 -18.6% 35 38 -7.9% CHICAGO - AUSTIN 20 36 -44.4% 87,631 103,161 -15.1% 35,700 79,500 -55.1% 98 94 4.3% 136,885 146,252 -6.4% 109,000 148,500 -26.6% 43 65 -33.8%HICAGO - WEST GARFIELD PARK 1 3 -66.7% 10,000 15,767 -36.6% 10,000 14,900 -32.9% 63 196 -67.9% 22,444 54,950 -59.2% 22,444 54,950 -59.2% 2 2 0.0%HICAGO - EAST GARFIELD PARK 2 3 -33.3% 26,050 123,333 -78.9% 26,050 150,000 -82.6% 233 120 94.2% 217,450 181,600 19.7% 217,450 144,900 50.1% 2 3 -33.3% CHICAGO - NEAR WEST SIDE 1 4 -75.0% 170,000 429,083 -60.4% 170,000 185,000 -8.1% 213 66 222.7% 583,480 535,843 8.9% 194,900 499,000 -60.9% 5 7 -28.6% CHICAGO - NORTH LAWNDALE 1 3 -66.7% 150,000 84,500 77.5% 150,000 78,000 92.3% 33 8 312.5% 137,675 63,843 115.6% 126,950 48,629 161.1% 4 6 -33.3% CHICAGO - SOUTH LAWNDALE 8 3 166.7% 56,525 31,500 79.4% 51,099 29,500 73.2% 112 154 -27.3% 72,800 74,060 -1.7% 77,450 62,000 24.9% 10 10 0.0% CHICAGO - LOWER WEST SIDE 2 1 100.0% 80,500 160,000 -49.7% 80,500 160,000 -49.7% 250 602 -58.5% 180,750 256,175 -29.4% 142,500 212,450 -32.9% 4 4 0.0% CHICAGO - LOOP 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% - - 0.0% 0 0 0.0% CHICAGO - NEAR SOUTH SIDE 0 2 -100.0% - 815,000 -100.0% - 815,000 -100.0% - 108 -100.0% 799,000 885,225 -9.7% 799,000 955,000 -16.3% 1 4 -75.0% CHICAGO - ARMOUR SQUARE 0 0 0.0% - - 0.0% - - 0.0% - - 0.0% 293,333 599,000 -51.0% 265,000 599,000 -55.8% 3 1 200.0% CHICAGO - DOUGLAS 1 1 0.0% 40,200 60,000 -33.0% 40,200 60,000 -33.0% 16 106 -84.9% 300,000 409,633 -26.8% 300,000 335,000 -10.4% 2 3 -33.3% CHICAGO - OAKLAND 2 1 100.0% 126,000 265,000 -52.5% 126,000 265,000 -52.5% 317 120 164.2% 254,450 178,510 42.5% 254,450 165,900 53.4% 2 3 -33.3% CHICAGO - FULLER PARK 1 0 100.0% 7,000 - 0.0% 7,000 - 0.0% 84 - 0.0% 29,650 178,940 -83.4% 29,650 130,000 -77.2% 2 3 -33.3% CHICAGO - GRAND BOULEVARD 3 5 -40.0% 118,433 102,980 15.0% 143,500 102,900 39.5% 82 187 -56.1% 233,736 279,929 -16.5% 225,000 274,950 -18.2% 7 14 -50.0% CHICAGO - KENWOOD 1 4 -75.0% 2,350,000 986,000 138.3% 2,350,000 775,000 203.2% 67 563 -88.1% 707,225 968,557 -27.0% 404,950 814,000 -50.3% 4 14 -71.4% CHICAGO - WASHINGTON PARK 0 1 -100.0% - 330,000 -100.0% - 330,000 -100.0% - 3 -100.0% - 150,633 -100.0% - 159,900 -100.0% 0 3 -100.0% CHICAGO - HYDE PARK 0 1 -100.0% - 337,000 -100.0% - 337,000 -100.0% - 602 -100.0% 640,450 685,067 -6.5% 612,000 734,000 -16.6% 6 6 0.0% CHICAGO - WOODLAWN 1 1 0.0% 20,150 27,500 -26.7% 20,150 27,500 -26.7% 32 587 -94.5% 131,079 93,940 39.5% 158,900 109,900 44.6% 5 5 0.0% CHICAGO - SOUTH SHORE 8 10 -20.0% 89,688 138,020 -35.0% 51,000 170,000 -70.0% 133 81 64.2% 223,300 149,863 49.0% 224,900 63,500 254.2% 9 26 -65.4% CHICAGO - CHATHAM 8 19 -57.9% 91,113 106,171 -14.2% 72,500 100,000 -27.5% 167 91 83.5% 114,601 114,162 0.4% 117,000 114,500 2.2% 26 32 -18.8% CHICAGO - AVALON PARK 2 5 -60.0% 102,500 70,180 46.1% 102,500 50,000 105.0% 298 24 1141.7% 86,160 111,767 -22.9% 70,000 129,950 -46.1% 10 12 -16.7% CHICAGO - SOUTH CHICAGO 8 13 -38.5% 52,563 47,600 10.4% 27,250 35,000 -22.1% 94 66 42.4% 92,720 78,666 17.9% 94,900 54,900 72.9% 20 25 -20.0% CHICAGO - BURNSIDE 1 3 -66.7% 27,500 73,550 -62.6% 27,500 23,900 15.1% 208 258 -19.4% 55,467 114,132 -51.4% 34,500 38,000 -9.2% 3 7 -57.1% CHICAGO - CALUMET HEIGHTS 7 3 133.3% 56,686 58,667 -3.4% 30,000 39,000 -23.1% 117 115 1.7% 140,780 130,379 8.0% 159,500 159,900 -0.3% 15 21 -28.6% CHICAGO - ROSELAND 13 27 -51.9% 48,231 36,404 32.5% 30,000 14,000 114.3% 88 84 4.8% 78,276 86,880 -9.9% 79,900 82,500 -3.2% 33 70 -52.9% CHICAGO - PULLMAN 2 0 100.0% 90,000 - 0.0% 90,000 - 0.0% 212 - 0.0% 89,267 108,714 -17.9% 55,000 117,500 -53.2% 3 7 -57.1% CHICAGO - SOUTH DEERING 2 5 -60.0% 32,500 51,414 -36.8% 32,500 53,400 -39.1% 326 18 1711.1% 47,700 80,909 -41.0% 40,000 69,750 -42.7% 5 16 -68.8% CHICAGO - EAST SIDE 5 11 -54.5% 96,008 81,091 18.4% 90,000 75,000 20.0% 228 78 192.3% 140,582 128,526 9.4% 119,900 129,000 -7.1% 11 21 -47.6% CHICAGO - WEST PULLMAN 18 24 -25.0% 63,316 46,613 35.8% 42,150 31,000 36.0% 193 72 168.1% 74,639 64,502 15.7% 82,500 39,900 106.8% 26 57 -54.4% CHICAGO - RIVERDALE 2 2 0.0% 9,225 10,500 -12.1% 9,225 10,500 -12.1% 117 17 588.2% - 19,450 -100.0% - 19,450 -100.0% 0 2 -100.0% CHICAGO - HEGEWISCH 0 3 -100.0% - 94,000 -100.0% - 105,000 -100.0% - 246 -100.0% 156,700 147,325 6.4% 149,900 146,250 2.5% 5 10 -50.0% CHICAGO - GARFIELD RIDGE 20 28 -28.6% 151,564 163,482 -7.3% 144,950 168,500 -14.0% 132 92 43.5% 197,172 222,813 -11.5% 184,900 209,700 -11.8% 52 65 -20.0% CHICAGO - ARCHER HEIGHTS 6 6 0.0% 132,317 148,750 -11.0% 133,450 158,750 -15.9% 276 282 -2.1% 151,033 174,982 -13.7% 149,900 184,950 -19.0% 9 18 -50.0% Disclaimer: Statistics provided using data from Midwest Real Estate Data LLC. The Association makes no claim as to the accuracy of this data and has provided this data as a service to our members.
    • CHICAGOLAND ASSOCIATION OF REALTORS April 2011 Sales for Detached Single Family - Listed by TOWN Coverage Area: CHICAGO CHICAGO - BRIGHTON PARK 7 4 75.0% 79,700 77,625 2.7% 63,000 58,750 7.2% 123 54 127.8% 105,360 161,733 -34.9% 104,950 149,900 -30.0% 10 15 -33.3% CHICAGO - MCKINLEY PARK 4 5 -20.0% 175,725 161,440 8.8% 176,000 180,000 -2.2% 99 90 10.0% 247,437 216,386 14.4% 228,250 187,000 22.1% 8 7 14.3% CHICAGO - BRIDGEPORT 1 2 -50.0% 80,000 351,650 -77.3% 80,000 351,650 -77.3% 15 80 -81.3% 480,547 409,260 17.4% 417,900 408,750 2.2% 19 10 90.0% CHICAGO - NEW CITY 6 9 -33.3% 42,917 41,689 2.9% 26,500 20,000 32.5% 187 31 503.2% 182,033 93,631 94.4% 124,950 49,900 150.4% 12 17 -29.4% CHICAGO - WEST ELSDON 6 9 -33.3% 120,458 132,222 -8.9% 94,875 125,000 -24.1% 121 79 53.2% 145,194 160,877 -9.7% 146,450 149,900 -2.3% 18 28 -35.7% CHICAGO - GAGE PARK 7 13 -46.2% 87,271 75,615 15.4% 95,000 72,000 31.9% 173 152 13.8% 120,330 109,401 10.0% 109,900 98,888 11.1% 13 29 -55.2% CHICAGO - CLEARING 10 20 -50.0% 156,950 180,675 -13.1% 151,450 183,000 -17.2% 88 175 -49.7% 184,054 214,218 -14.1% 169,900 226,900 -25.1% 33 28 17.9% CHICAGO - WEST LAWN 22 17 29.4% 128,000 130,721 -2.1% 128,500 128,750 -0.2% 114 153 -25.5% 154,600 160,598 -3.7% 150,000 164,000 -8.5% 45 54 -16.7% CHICAGO - CHICAGO LAWN 35 25 40.0% 63,342 59,376 6.7% 47,250 37,400 26.3% 178 88 102.3% 109,028 94,037 15.9% 116,950 89,500 30.7% 62 68 -8.8% CHICAGO - WEST ENGLEWOOD 12 18 -33.3% 19,717 25,536 -22.8% 11,750 13,727 -14.4% 118 124 -4.8% 44,175 41,153 7.3% 24,950 19,900 25.4% 24 45 -46.7% CHICAGO - ENGLEWOOD 6 9 -33.3% 15,709 22,344 -29.7% 11,250 7,200 56.3% 116 178 -34.8% 42,406 37,577 12.8% 19,850 16,700 18.9% 12 26 -53.8%O - GREATER GRAND CROSSING 7 10 -30.0% 89,643 53,190 68.5% 99,000 26,450 274.3% 113 73 54.8% 88,504 93,020 -4.9% 79,900 75,000 6.5% 23 27 -14.8% CHICAGO - ASHBURN 28 29 -3.4% 120,871 137,591 -12.2% 115,000 140,500 -18.1% 168 116 44.8% 134,244 149,475 -10.2% 139,000 151,000 -7.9% 81 94 -13.8% CHICAGO - AUBURN GRESHAM 13 29 -55.2% 45,858 80,048 -42.7% 28,500 55,000 -48.2% 160 114 40.4% 110,987 103,038 7.7% 115,999 113,500 2.2% 59 50 18.0% CHICAGO - BEVERLY 19 6 216.7% 258,121 238,317 8.3% 225,000 235,000 -4.3% 208 81 156.8% 308,914 320,640 -3.7% 274,450 289,999 -5.4% 44 39 12.8% CAGO - WASHINGTON HEIGHTS 16 16 0.0% 81,309 113,419 -28.3% 57,050 143,250 -60.2% 84 143 -41.3% 107,722 103,046 4.5% 99,450 115,000 -13.5% 32 39 -17.9% HICAGO - MOUNT GREENWOOD 8 16 -50.0% 166,688 230,919 -27.8% 170,000 230,000 -26.1% 78 118 -33.9% 237,273 219,119 8.3% 209,950 219,900 -4.5% 30 33 -9.1% CHICAGO - MORGAN PARK 6 12 -50.0% 127,650 127,038 0.5% 149,950 140,950 6.4% 135 105 28.6% 176,205 189,636 -7.1% 204,900 156,250 31.1% 21 42 -50.0% CHICAGO - OHARE 0 1 -100.0% - 333,000 -100.0% - 333,000 -100.0% - 222 -100.0% 374,950 347,475 7.9% 374,950 341,000 10.0% 2 4 -50.0% CHICAGO - EDGEWATER 10 6 66.7% 372,850 578,513 -35.6% 365,000 535,587 -31.9% 177 274 -35.4% 494,489 691,170 -28.5% 445,000 664,900 -33.1% 9 10 -10.0% Disclaimer: Statistics provided using data from Midwest Real Estate Data LLC. The Association makes no claim as to the accuracy of this data and has provided this data as a service to our members.
    • Stats available at www.ChicagoRealtor.org Realtor Tools -> Fast Stats Quarterly Jan. 1 - Mar. 31 Chicago - # of Units - ATTACHEDArea Area 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 8001 CHICAGO - ROGERS PARK 5 4 3 4 5 5 6 8 11 6 10 8 8002 CHICAGO - WEST RIDGE 22 26 21 17 21 32 36 32 36 44 31 32 8003 CHICAGO - UPTOWN 3 5 2 3 8 9 6 10 6 6 6 10 8004 CHICAGO - LINCOLN SQUARE 14 8 11 13 16 20 13 24 19 23 17 20 8005 CHICAGO - NORTH CENTER 29 22 22 35 34 44 34 36 47 45 27 50 8006 CHICAGO - LAKE VIEW 19 21 17 24 20 34 29 30 28 31 25 39 8007 CHICAGO - LINCOLN PARK 17 32 19 29 40 51 32 32 30 44 29 25 8008 CHICAGO - NEAR NORTH SIDE 8 3 7 8 5 7 5 9 3 2 8 8 8009 CHICAGO - EDISON PARK 9 14 7 6 8 25 14 18 20 21 16 19 8010 CHICAGO - NORWOOD PARK 38 45 36 24 48 70 55 61 67 59 70 55 8011 CHICAGO - JEFFERSON PARK 26 24 24 16 27 29 41 39 44 34 32 27 8012 CHICAGO - FOREST GLEN 30 18 16 25 40 35 29 38 40 37 40 43 8013 CHICAGO - NORTH PARK 14 16 8 5 12 12 11 14 15 8 8 15 8014 CHICAGO - ALBANY PARK 14 19 13 14 20 22 35 18 35 29 20 21 8015 CHICAGO - PORTAGE PARK 65 66 33 33 61 67 72 70 81 70 65 72 8016 CHICAGO - IRVING PARK 35 39 16 19 26 36 42 57 28 37 28 30 8017 CHICAGO - DUNNING 67 81 48 35 42 86 88 87 88 100 64 77 8018 CHICAGO - MONTCLARE 18 17 11 10 14 15 19 17 23 20 18 18 8019 CHICAGO - BELMONT CRAGIN 85 75 39 24 55 56 85 98 84 88 70 83 8020 CHICAGO - HERMOSA 9 19 12 4 11 15 28 13 19 21 19 16 8021 CHICAGO - AVONDALE 18 18 4 5 18 16 18 11 18 22 15 12 8022 CHICAGO - LOGAN SQUARE 37 30 22 32 33 37 45 57 39 46 37 45 8023 CHICAGO - HUMBOLDT PARK 35 35 27 11 20 22 37 60 30 29 26 32 8024 CHICAGO - WEST TOWN 27 19 17 31 22 28 42 33 35 23 26 28 8025 CHICAGO - AUSTIN 48 80 51 29 60 90 91 93 77 80 56 59 8028 CHICAGO - NEAR WEST SIDE 7 8 9 8 14 5 5 6 8 11 6 4 8029 CHICAGO - NORTH LAWNDALE 2 2 5 4 6 10 9 14 5 4 5 2 8030 CHICAGO - SOUTH LAWNDALE 15 20 9 8 12 22 27 22 18 25 12 22 8031 CHICAGO - LOWER WEST SIDE 4 1 2 1 2 5 3 4 1 0 6 3 8032 CHICAGO - LOOP 0 0 0 0 1 0 0 0 0 0 0 0 8033 CHICAGO - NEAR SOUTH SIDE 2 1 0 0 1 1 0 1 1 2 0 3 8034 CHICAGO - ARMOUR SQUARE 0 0 0 0 1 1 0 1 0 0 0 1 8035 CHICAGO - DOUGLAS 7 2 2 4 2 1 3 2 1 5 4 3 8036 CHICAGO - OAKLAND 3 4 1 0 3 2 2 2 2 0 1 0 8037 CHICAGO - FULLER PARK 2 3 1 1 1 1 1 1 4 4 0 0 8038 CHICAGO - GRAND BOULEVARD 7 3 10 6 3 6 8 8 7 8 5 4 8039 CHICAGO - KENWOOD 2 6 5 4 6 8 5 9 10 8 2 7 8040 CHICAGO - WASHINGTON PARK 0 0 1 5 1 1 4 3 2 1 2 0 8041 CHICAGO - HYDE PARK 4 3 0 5 1 9 2 2 3 6 5 5 8042 CHICAGO - WOODLAWN 10 8 3 2 4 6 2 7 8 9 4 3 8043 CHICAGO - SOUTH SHORE 24 27 28 11 33 29 23 31 34 23 17 20 8044 CHICAGO - CHATHAM 24 39 19 24 41 29 34 41 45 39 28 24 8045 CHICAGO - AVALON PARK 16 24 11 11 26 20 24 19 19 23 16 10 8046 CHICAGO - SOUTH CHICAGO 20 27 24 13 16 33 31 34 23 26 18 16 8047 CHICAGO - BURNSIDE 2 8 6 5 1 4 4 6 5 3 6 5 8048 CHICAGO - CALUMET HEIGHTS 19 19 10 20 12 37 22 20 27 15 18 14 8054 CHICAGO - RIVERDALE 1 1 2 0 2 2 0 6 3 1 1 2 8055 CHICAGO - HEGEWISCH 7 11 7 8 12 10 12 3 10 14 8 5 8060 CHICAGO - BRIDGEPORT 7 25 5 10 20 21 13 12 5 11 5 11 8077 CHICAGO - EDGEWATER 7 10 6 4 18 7 12 13 11 7 13 15 CITYWIDE 884 988 652 610 905 1133 1159 1232 1175 1170 945 1023
    • Sinking values prompting homeowners to consider strategic default as best businessdecisionSlight drop in strategic defaults unlikely to last as more people do the math, see they cantrecover and make a business decision to walk away from their mortgage, even if it ruinstheir creditBy Mary Ellen Podmolik, Tribune reporterMay 22, 2011Strategic default — opting to walk away from a mortgage you can afford — isnt a new phenomenon in the housingcrisis. But with home values continuing to decline, more owners are finding themselves in a position where theymay see it as a savvy business decision to destroy their credit rather than wait years for prices to recover.Marty Likier is one who knows the mental hurdles that have to be crossed to make the decision.Likier put almost 20 percent down to purchase a $312,000 townhouse in Westmont in 2006 and lived there until twoyears ago, when he remarried and bought a home in Chicago Ridge. For a year he rented the townhouse. When achange in rules at the community meant Likiers days as a landlord would end, he called his lender and asked if hecould rework the loan, but he didnt have enough equity left to refinance the $240,000 mortgage.Likier, 55, took a long look at his finances and the combined monthly mortgage payments of more than $4,700 anddecided last fall that the struggle wasnt worth it.He listed the townhouse for $249,000, figuring he would bring $20,000 to the closing table to facilitate a deal. Thelisting has since dropped to $179,000, which is lower than the unit sold for when it was built in 1999. He stoppedpaying the mortgage in January and recently was served with foreclosure papers.Despite the fact that he and his wife are employed and have an annual household income near $150,000, hescomfortable with his decision."I did a lot of soul-searching about whether it was morally the right thing to do," he said. "I felt there was no moralobligation to make a payment. The contract says its a financial obligation, not a moral obligation."I was in a boat with a slow leak. It was manageable, but I know I was slowly sinking."The decision to walk, tied to a housing crisis that continues to grip the market, is far-reaching, raising seriousquestions about whether financial commitments can ever be considered optional.Earlier this month, CoreLogic reported that as of the end of March, home prices had declined for eight consecutivemonths, and more than 11 million borrowers nationally were underwater, which means they owe more on theirmortgages than the home is worth. Its difficult to predict just how many of those borrowers may opt for default, butFICO, the widely used credit scoring system, recently developed a formula to help lenders pinpoint borrowers whomight default."This is not a problem thats going away," said Joanne Gaskin, director of product management for scores at FICOInc. "Theres an exceptionally high interest from the banks in getting ahead of it.The Chicago area remains ripe for strategic defaults because of a triple whammy of circumstances.With local home values having sunk to 2001 levels, more homeowners have negative equity in their homes. At the
    • end of December, about one-quarter of Chicago-area homeowners with a mortgage were underwater and another 5percent of mortgage holders had less than 5 percent equity in their homes, putting them in danger of fallingunderwater, CoreLogic said.Also, foreclosures in Illinois are processed through a court system overwhelmed by the housing crisis. On average,the time to process a mortgage foreclosure, from the first default notice to a bank repossessing a home, was 494 daysin March, RealtyTrac said. That means a homeowner who decides to default doesnt have to walk away so quickly;he can live mortgage-free during the drawn-out process.And finally, there is growing consumer sentiment that if there is little financial upside to staying in a home,voluntarily defaulting on the mortgage is a smart decision, not a moral shortcoming. In its most recent nationalconsumer survey, Fannie Mae found that 27 percent of people think its acceptable to walk away from a mortgage ifthey face financial distress, twice as many as did a year ago.The decision isnt made overnight. "You see the house price dropping, you dont walk away the next day," said LuigiZingales, a professor at University of Chicago Booth School of Business who studies strategic defaults. "You hopethat the first time the condo next to you sold for half price, that it isnt going to happen to (you.)"Once accepting of the facts, it takes some time for people to rationalize the social and moral considerations ofshirking their financial responsibilities and preparing for the legal and financial ramifications, Zingales said.A recent study co-written by Zingales found a decrease in walkaways since December. He doesnt think theimprovement will last."Especially in states like Illinois, people held out hope for a little while," Zingales said. "Maybe they are paying themortgage a little but when theyre seeing that prices arent recovering, they default."A lot of people strategically default because they want to preserve their retirement savings."When a vacation condo in Panama City, Fla., became difficult to rent, Naperville resident Philip Burdi tried to sell itfor $90,000 — far less than the $190,000 owed on the mortgage. His lender, doubting Burdis financial hardship,wouldnt approve it.Burdi stopped paying the two mortgages on the condo in March 2010 and is over the guilt, particularly after hetapped retirement savings to settle the second mortgage debt. He occasionally stays in the condo, and he lets friendsand family stay there for free. He has yet to be served with foreclosure."I know its going to have very dire consequences when the foreclosure happens," he said. "Millions of Americansare in the same shoes Im in."The fact that others are doing it doesnt make it moral, because a borrower signed a contract that said he will pay,Zingales said. And the problem is bigger than individual borrowers, he adds. "The cost long-term to society is verylarge and not just for the housing market. Moving forward, promises will be a different thing and contracts will be adifferent thing if they can be broken so easily."The decision to walk away carries long-lasting repercussions. A foreclosure strikes the same blow whether it wasvoluntary or involuntary, decreasing a credit score as much as 250 points, a drop that it may take an otherwisecreditworthy consumer up to seven years to recoup.That lower score will affect a consumers ability to access additional credit, whether it is credit cards, an automobileor rental housing. Landlords pull credit reports too. Auto insurance premiums also would increase. "Were not surethat consumers understand the ramifications of it," FICOs Gaskin said.Some do, though, and theyre taking steps beforehand to position themselves for the difficult years ahead. Theyremaking repairs to their cars and applying for extra credit cards because they wont qualify after a foreclosure.
    • Margie Jones prepared for the fallout, getting her finances in order and making any big-ticket purchases. When sheand her husband bought a home in El Paso, Texas, they put it in his name only.The Chicago native endured multiple deployments to Iraq and Kosovo as an Army warrant officer overseeing motorpools. But she no longer can take the financial stress associated with a three-flat in Chicagos Logan Squareneighborhood, a home she still lists as her legal address, and a mortgage she took over from her mother more thanfive years ago.Bought in 2002, the building where her mother and two renters live last appraised for less than half its purchaseprice. Efforts to refinance its two mortgages failed, and the first lien holder wouldnt approve a loan modificationbecause the lender views Jones, who is now stationed in El Paso, as an investor.The last time she made a payment on the first mortgage was in February."We were barely able to make ends meet," Jones said. "I told my husband I cant do this anymore. The day I madethe decision to just walk away was one of the better nights sleeps I had because I wasnt going to worry about itanymore."Jones, who said her credit score was above 700, is still waiting for the decision to catch up with her, but shesaccepting of it. "I can stand to lose a couple hundred points."mepodmolik@tribune.com
    • 2008 Index Consumer Confidence Graphed at http:// future.aae.wisc.edu/data/monthly_values/by_area/998? yoy=true&yearlist=2008|2009|2010| 2011&gtype=line&area=US&normalize=false 2011 Index Full data available at the Consumer Board Index page by clicking here 2010 Index2009 Index
    • Market Dynamics At Properties Supply & Demand - # Units (FS, UC, Sold) 2 Years (Monthly) 04/01/09 - 04/30/11 Over the past 2 years we have witnessed a 25% decrease in "For Sale" inventory Under Contract and Sold Properties are down significantly due to the "intervention numbers" of the 2010 Homebuyer Tax Credit KEY INFORMATION Monthly Change Monthly % Total Change Total % ChangeFor Sale -368.28 -1.04 -8,838.60 -24.88Under Contract -16.64 -0.72 -399.38 -17.20Sold -29.84 -1.25 -716.08 -29.93MLS: MRED Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: AllProperty Types: Residential: (Detached Single, Attached Single, 2 to 4 Units, Mobile Homes) Sq Ft: AllCities: ChicagoBrokerMetrics® 1 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Supply & Demand - # Units (FS, UC, Sold) 2 Years (Monthly) 04/01/09 - 04/30/11 FOR SALE UNDER CONTRACT SOLD EXPIRED NEW LISTINGS Time Period # Properties Average DOM # Properties Average DOM # Properties Average DOM # Properties Average DOM # PropertiesApr-11 25,663 171 2,731 170 1,832 165 3,074 273 4,871Mar-11 26,725 178 2,670 177 1,805 159 3,263 306 5,906Feb-11 25,142 194 1,818 178 1,376 164 2,505 317 4,251Jan-11 26,017 197 1,810 176 1,347 159 3,316 290 4,997Dec-10 26,402 207 1,573 166 1,816 151 3,809 300 3,166Nov-10 28,217 196 1,530 166 1,479 151 3,451 256 3,661Oct-10 30,277 186 1,634 159 1,544 148 4,087 244 4,411Sep-10 31,600 180 1,688 150 1,790 145 4,046 246 5,221Aug-10 32,245 179 1,833 147 1,871 145 4,033 253 5,445Jul-10 32,509 176 1,808 144 1,982 147 3,901 234 5,781Jun-10 32,771 175 1,863 137 3,067 141 4,180 247 6,192May-10 31,983 176 1,800 142 2,490 147 3,604 231 5,341Apr-10 33,287 171 3,255 146 2,465 153 3,390 254 6,712Mar-10 32,946 174 2,916 152 2,323 155 3,455 251 7,492Feb-10 30,450 185 2,153 155 1,611 149 2,843 265 6,089Jan-10 29,299 194 1,837 154 1,554 142 3,101 269 5,854Dec-09 29,399 202 1,821 144 2,253 141 4,133 289 3,815Nov-09 30,866 195 1,641 154 2,270 150 3,641 270 4,233Oct-09 32,738 186 2,323 153 2,496 145 3,782 251 5,102Sep-09 33,848 181 2,365 156 2,408 150 3,847 249 5,663Aug-09 34,401 178 2,491 145 2,347 152 3,725 246 5,698Jul-09 35,025 174 2,379 145 2,414 155 3,943 244 6,137Jun-09 35,473 173 2,548 156 2,483 163 4,037 265 6,351May-09 35,021 174 2,293 160 2,016 166 3,606 251 5,977Apr-09 35,084 171 2,267 170 1,806 171 3,773 245 6,323BrokerMetrics® 2 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Supply & Demand - # Units (FS, UC, Sold) Apr-10 through Apr-11 Under Contract Deadline for Tax Buyer Credit 2010 Closed Deadline for Tax Buyer Credit 2010* Extended KEY INFORMATION Monthly Change Monthly % Total Change Total % ChangeFor Sale -752.30 -2.21 -9,027.62 -26.57Under Contract 1.54 0.08 18.53 0.93Sold -89.72 -3.66 -1,076.59 -43.90MLS: MRED Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: AllProperty Types: Residential: (Detached Single, Attached Single, 2 to 4 Units, Mobile Homes) Sq Ft: AllCities: ChicagoBrokerMetrics® 1 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Supply & Demand - # Units (FS, UC, Sold) Apr-10 through Apr-11 FOR SALE UNDER CONTRACT SOLD EXPIRED NEW LISTINGS Time Period # Properties Average DOM # Properties Average DOM # Properties Average DOM # Properties Average DOM # PropertiesApr-11 25,663 171 2,731 170 1,832 165 3,074 273 4,871Mar-11 26,725 178 2,670 177 1,805 159 3,263 306 5,906Feb-11 25,142 194 1,818 178 1,376 164 2,505 317 4,251Jan-11 26,017 197 1,810 176 1,347 159 3,316 290 4,997Dec-10 26,402 207 1,573 166 1,816 151 3,809 300 3,166Nov-10 28,217 196 1,530 166 1,479 151 3,451 256 3,661Oct-10 30,277 186 1,634 159 1,544 148 4,087 244 4,411Sep-10 31,600 180 1,688 150 1,790 145 4,046 246 5,221Aug-10 32,245 179 1,833 147 1,871 145 4,033 253 5,445Jul-10 32,509 176 1,808 144 1,982 147 3,901 234 5,781Jun-10 32,771 175 1,863 137 3,067 141 4,180 247 6,192May-10 31,983 176 1,800 142 2,490 147 3,604 231 5,341Apr-10 33,287 171 3,255 146 2,465 153 3,390 254 6,712BrokerMetrics® 2 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Supply & Demand - # Units (UC) 2 Years (Monthly) 04/01/09 - 04/30/11 2nd highest 2 month period in last 2 years. Under Contract Deadline for Tax Buyer Credit Consumer Confidence Index highest since Mortgage rates hit highest February 2008 since April 2010 KEY INFORMATION Monthly Change Monthly % Total Change Total % ChangeUnder Contract -16.64 -0.72 -399.38 -17.20MLS: MRED Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: AllProperty Types: Residential: (Detached Single, Attached Single, 2 to 4 Units, Mobile Homes) Sq Ft: AllCities: ChicagoBrokerMetrics® 1 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Supply & Demand - # Units (UC) 2 Years (Monthly) 04/01/09 - 04/30/11 FOR SALE UNDER CONTRACT SOLD EXPIRED NEW LISTINGS Time Period # Properties Average DOM # Properties Average DOM # Properties Average DOM # Properties Average DOM # PropertiesApr-11 25,663 171 2,731 170 1,832 165 3,074 273 4,871Mar-11 26,725 178 2,670 177 1,805 159 3,263 306 5,906Feb-11 25,142 194 1,818 178 1,376 164 2,505 317 4,251Jan-11 26,017 197 1,810 176 1,347 159 3,316 290 4,997Dec-10 26,402 207 1,573 166 1,816 151 3,809 300 3,166Nov-10 28,217 196 1,530 166 1,479 151 3,451 256 3,661Oct-10 30,277 186 1,634 159 1,544 148 4,087 244 4,411Sep-10 31,600 180 1,688 150 1,790 145 4,046 246 5,221Aug-10 32,245 179 1,833 147 1,871 145 4,033 253 5,445Jul-10 32,509 176 1,808 144 1,982 147 3,901 234 5,781Jun-10 32,771 175 1,863 137 3,067 141 4,180 247 6,192May-10 31,983 176 1,800 142 2,490 147 3,604 231 5,341Apr-10 33,287 171 3,255 146 2,465 153 3,390 254 6,712Mar-10 32,946 174 2,916 152 2,323 155 3,455 251 7,492Feb-10 30,450 185 2,153 155 1,611 149 2,843 265 6,089Jan-10 29,299 194 1,837 154 1,554 142 3,101 269 5,854Dec-09 29,399 202 1,821 144 2,253 141 4,133 289 3,815Nov-09 30,866 195 1,641 154 2,270 150 3,641 270 4,233Oct-09 32,738 186 2,323 153 2,496 145 3,782 251 5,102Sep-09 33,848 181 2,365 156 2,408 150 3,847 249 5,663Aug-09 34,401 178 2,491 145 2,347 152 3,725 246 5,698Jul-09 35,025 174 2,379 145 2,414 155 3,943 244 6,137Jun-09 35,473 173 2,548 156 2,483 163 4,037 265 6,351May-09 35,021 174 2,293 160 2,016 166 3,606 251 5,977Apr-09 35,084 171 2,267 170 1,806 171 3,773 245 6,323BrokerMetrics® 2 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Supply & Demand - # Units (UC) Apr-10 through Apr-11 Under Contract Deadline for Tax Buyer Credit Consumer Confidence Index highest since Mortgage rates hit highest February 2008 since April 2010 KEY INFORMATION Monthly Change Monthly % Total Change Total % ChangeUnder Contract 1.54 0.08 18.53 0.93MLS: MRED Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: AllProperty Types: Residential: (Detached Single, Attached Single, 2 to 4 Units, Mobile Homes) Sq Ft: AllCities: ChicagoBrokerMetrics® 1 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Supply & Demand - # Units (UC) Apr-10 through Apr-11 FOR SALE UNDER CONTRACT SOLD EXPIRED NEW LISTINGS Time Period # Properties Average DOM # Properties Average DOM # Properties Average DOM # Properties Average DOM # PropertiesApr-11 25,663 171 2,731 170 1,832 165 3,074 273 4,871Mar-11 26,725 178 2,670 177 1,805 159 3,263 306 5,906Feb-11 25,142 194 1,818 178 1,376 164 2,505 317 4,251Jan-11 26,017 197 1,810 176 1,347 159 3,316 290 4,997Dec-10 26,402 207 1,573 166 1,816 151 3,809 300 3,166Nov-10 28,217 196 1,530 166 1,479 151 3,451 256 3,661Oct-10 30,277 186 1,634 159 1,544 148 4,087 244 4,411Sep-10 31,600 180 1,688 150 1,790 145 4,046 246 5,221Aug-10 32,245 179 1,833 147 1,871 145 4,033 253 5,445Jul-10 32,509 176 1,808 144 1,982 147 3,901 234 5,781Jun-10 32,771 175 1,863 137 3,067 141 4,180 247 6,192May-10 31,983 176 1,800 142 2,490 147 3,604 231 5,341Apr-10 33,287 171 3,255 146 2,465 153 3,390 254 6,712BrokerMetrics® 2 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Median Price (Sold) Apr-10 through Apr-11 This number is combining both KEY INFORMATION traditional and Bank owned property prices - as shown in the Monthly Change Monthly % Change Total Change Total % Change next slideSold -5,667.35 -2.78 -68,008.18 -33.35MLS: MRED Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: AllProperty Types: Residential: (Detached Single, Attached Single, 2 to 4 Units, Mobile Homes) Sq Ft: AllCities: ChicagoBrokerMetrics® 1 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Median Price (Sold) Apr-10 through Apr-11 FOR SALE UNDER CONTRACT SOLD EXPIRED NEW LISTINGS Time Period Median $ # Properties Median $ # Properties Median $ # Properties Median $ # Properties Median $ # PropertiesApr-11 219,900 25,663 159,900 2,731 155,000 1,832 209,900 3,074 229,000 4,871Mar-11 209,900 26,725 159,900 2,670 150,000 1,805 219,000 3,263 219,750 5,906Feb-11 200,000 25,142 164,500 1,818 135,000 1,376 215,900 2,505 217,169 4,251Jan-11 199,900 26,017 144,900 1,810 137,000 1,347 229,000 3,316 199,900 4,997Dec-10 199,900 26,402 149,900 1,573 157,000 1,816 229,900 3,809 140,000 3,166Nov-10 215,000 28,217 158,900 1,530 165,000 1,479 238,500 3,451 179,000 3,661Oct-10 219,000 30,277 169,900 1,634 162,250 1,544 224,900 4,087 195,900 4,411Sep-10 220,000 31,600 150,000 1,688 169,950 1,790 239,900 4,046 205,000 5,221Aug-10 225,000 32,245 167,900 1,833 183,000 1,871 249,000 4,033 199,000 5,445Jul-10 229,900 32,509 177,500 1,808 175,000 1,982 250,000 3,901 210,000 5,781Jun-10 234,900 32,771 179,500 1,863 214,000 3,067 250,000 4,180 224,900 6,192May-10 238,900 31,983 192,750 1,800 205,000 2,490 250,000 3,604 225,000 5,341Apr-10 239,000 33,287 215,000 3,255 200,000 2,465 249,000 3,390 229,900 6,712BrokerMetrics® 2 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Sold Median Price (Bank, Non-Bank) Apr-10 through Apr-11 Where we were down 33% with ALL properties - only 4.8% for traditional sales. More Bank/Lower Price = Lower Sales Price KEY INFORMATION Monthly Change Monthly % Change Total Change Total % ChangeBank 520.35 0.82 6,244.15 9.88Non-Bank -1,139.71 -0.40 -13,676.53 -4.80MLS: MRED Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: AllProperty Types: Residential: (Detached Single, Attached Single, 2 to 4 Units, Mobile Homes) Sq Ft: AllCities: ChicagoBrokerMetrics® 1 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Sold Median Price (Bank, Non-Bank) Apr-10 through Apr-11 All Properties Bank Properties Non-Bank Properties Time Period Median $ # Properties Median $ # Properties Median $ # PropertiesApr-11 155,000 1,832 69,950 938 287,000 894Mar-11 150,000 1,805 70,500 981 274,950 824Feb-11 135,000 1,376 67,000 771 260,000 605Jan-11 137,000 1,347 63,750 750 285,000 597Dec-10 157,000 1,816 75,000 879 266,050 937Nov-10 165,000 1,479 64,950 672 259,900 807Oct-10 162,250 1,544 55,000 701 267,500 843Sep-10 169,950 1,790 70,000 877 275,000 913Aug-10 183,000 1,871 70,000 851 301,326 1,020Jul-10 175,000 1,982 65,550 902 290,875 1,080Jun-10 214,000 3,067 70,000 1,018 282,500 2,049May-10 205,000 2,490 58,550 876 279,995 1,614Apr-10 200,000 2,465 62,000 947 285,000 1,518BrokerMetrics® 2 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Average SP/OP Comparison – No Price Changes vs. 1+ Price Changes Apr-10 through Apr-11 We have continued to see a decrease in SP/OP % ratios over the past year for those properties that have been forced to experience a price adjustment. KEY INFORMATION Average SP/0P Min Max RangeSP/OP - No Price 95.66 93.94 96.97 3.03SP/OP - 1+ Price 82.04 78.73 84.92 6.19MLS: MRED Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: AllProperty Types: Residential: (Detached Single, Attached Single, 2 to 4 Units, Mobile Homes) Sq Ft: AllCities: ChicagoBrokerMetrics® 1 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Average SP/OP Comparison – No Price Changes vs. 1+ Price Changes Apr-10 through Apr-11 No Price Changes 1+ Price Changes Average Average Average Average Time Period # Sold SP/OP DOM # Sold SP/OP DOMApr-11 1,023 93.9 122 809 80.0 219Mar-11 983 94.5 114 822 78.7 214Feb-11 729 95.4 110 647 79.9 224Jan-11 718 94.3 108 629 79.2 217Dec-10 1,005 95.6 104 811 80.4 208Nov-10 800 95.2 111 679 80.8 198Oct-10 852 94.9 98 692 82.5 210Sep-10 979 96.2 89 811 83.1 213Aug-10 1,072 96.6 90 799 84.6 220Jul-10 1,172 96.8 93 810 83.6 224Jun-10 1,826 96.6 92 1,241 84.9 214May-10 1,461 96.5 96 1,029 84.7 219Apr-10 1,464 97.0 95 1,001 84.1 238 Not only have we seen a significant SP/OP ratio difference - but also a huge difference in overall DOM for sold propertiesBrokerMetrics® 2 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties DOM Breakout (For Sale Last Day of the Month) 2 Years (Monthly) 04/01/09 - 04/30/11 KEY INFORMATION Monthly Change Monthly % Total Change Total % Change0-90 DOM -50.72 -1.07 -1,217.37 -25.5791-180 DOM -21.44 -0.92 -514.47 -22.03181+DOM -21.43 -0.82 -514.39 -19.77MLS: MRED Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: AllProperty Types: Residential: (Detached Single, Attached Single, 2 to 4 Units, Mobile Homes) Sq Ft: AllNorth Side: 8003, 8022, 8004, 8005, 8024, 8077, 8007, 8006, 8008BrokerMetrics® 1 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties DOM Breakout (For Sale Last Day of the Month) 2 Years (Monthly) 04/01/09 - 04/30/11TimePeriod # Units 0-90 0-90 % 91-180 91-180 % 181+ 181+ %Apr-11 7,242 4,225 58.3 1,236 17.1 1,781 24.6Mar-11 7,311 4,142 56.6 1,138 15.6 2,031 27.8Feb-11 7,037 3,154 44.8 1,662 23.6 2,221 31.6Jan-11 6,807 2,669 39.2 1,879 27.6 2,259 33.2 Where the overall inventoryDec-10 6,693 2,341 35.0 2,124 31.7 2,228 33.3 shows the change in # of unitsNov-10 7,593 3,162 41.6 2,085 27.5 2,346 30.9 the distribution (April 2010 toOct-10 8,325 3,739 44.9 2,225 26.7 2,361 28.4 April 2011) has remainedSep-10 8,869 4,155 46.8 2,338 26.4 2,376 26.8Aug-10 9,089 4,356 47.9 2,477 27.2 2,256 24.8 relatively unchanged.Jul-10 9,357 4,565 48.8 2,760 29.5 2,032 21.7Jun-10 9,454 4,771 50.5 2,694 28.5 1,989 21.0May-10 9,431 5,022 53.2 2,196 23.3 2,213 23.5Apr-10 9,612 5,562 57.9 1,653 17.2 2,397 24.9Mar-10 9,521 5,630 59.1 1,407 14.8 2,484 26.1Feb-10 8,823 4,534 51.4 1,822 20.6 2,467 28.0Jan-10 7,922 3,387 42.8 2,068 26.1 2,467 31.1Dec-09 7,368 2,776 37.7 2,152 29.2 2,440 33.1Nov-09 8,232 3,488 42.4 2,124 25.8 2,620 31.8Oct-09 8,963 4,115 45.9 2,272 25.4 2,576 28.7Sep-09 9,357 4,313 46.1 2,343 25.0 2,701 28.9Aug-09 9,346 4,274 45.7 2,456 26.3 2,616 28.0Jul-09 9,454 4,518 47.8 2,598 27.5 2,338 24.7Jun-09 9,505 4,676 49.2 2,529 26.6 2,300 24.2May-09 9,538 5,016 52.6 2,072 21.7 2,450 25.7Apr-09 9,466 5,184 54.8 1,630 17.2 2,652 28.0BrokerMetrics® 2 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Months Supply of Inventory (UC Calculation) 2 Years (Monthly) 04/01/09 - 04/30/11 March and April of this year showed the lowest MSI for the past 2 years WITHOUT Government intervention of the tax credit. KEY INFORMATION Monthly Change Monthly % Total Change Total % ChangeMSI-UC -0.03 -0.25 -0.76 -5.97MLS: MRED Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: AllProperty Types: Residential: (Detached Single, Attached Single, 2 to 4 Units, Mobile Homes) Sq Ft: AllCities: ChicagoBrokerMetrics® 1 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Months Supply of Inventory (UC Calculation) 2 Years (Monthly) 04/01/09 - 04/30/11Time # For Sale Last # UnderPeriod MSI NAR MSI Day of Month Contract # SoldApr-11 7.3 10.8 19,858 2,731 1,832Mar-11 7.8 11.5 20,792 2,670 1,805Feb-11 11.5 15.1 20,819 1,818 1,376Jan-11 11.5 15.5 20,891 1,810 1,347Dec-10 13.4 11.6 21,020 1,573 1,816Nov-10 15.2 15.7 23,236 1,530 1,479Oct-10 15.0 15.9 24,556 1,634 1,544Sep-10 15.3 14.5 25,866 1,688 1,790Aug-10 14.4 14.1 26,379 1,833 1,871Jul-10 14.8 13.5 26,800 1,808 1,982Jun-10 14.3 8.7 26,728 1,863 3,067May-10 14.8 10.7 26,579 1,800 2,490Apr-10 8.2 10.8 26,642 3,255 2,465Mar-10 9.1 11.4 26,575 2,916 2,323Feb-10 11.8 15.8 25,454 2,153 1,611Jan-10 13.3 15.7 24,361 1,837 1,554Dec-09 12.9 10.4 23,445 1,821 2,253Nov-09 15.6 11.3 25,584 1,641 2,270Oct-09 11.5 10.7 26,633 2,323 2,496Sep-09 11.7 11.5 27,636 2,365 2,408Aug-09 11.3 12.0 28,185 2,491 2,347Jul-09 12.1 11.9 28,703 2,379 2,414Jun-09 11.3 11.6 28,888 2,548 2,483May-09 12.7 14.4 29,122 2,293 2,016Apr-09 12.8 16.1 29,044 2,267 1,806BrokerMetrics® 2 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Months Supply of Inventory (UC Calculation) Apr-10 through Apr-11 KEY INFORMATION Monthly Change Monthly % Total Change Total % ChangeMSI-UC -0.35 -2.38 -4.19 -28.55MLS: MRED Period: 2 Years (Monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Lot Size: AllProperty Types: Residential: (Detached Single, Attached Single, 2 to 4 Units, Mobile Homes) Sq Ft: AllCities: ChicagoBrokerMetrics® 1 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).
    • Market Dynamics At Properties Months Supply of Inventory (UC Calculation) Apr-10 through Apr-11Time # For Sale Last # UnderPeriod MSI NAR MSI Day of Month Contract # SoldApr-11 7.3 10.8 19,858 2,731 1,832Mar-11 7.8 11.5 20,792 2,670 1,805Feb-11 11.5 15.1 20,819 1,818 1,376Jan-11 11.5 15.5 20,891 1,810 1,347Dec-10 13.4 11.6 21,020 1,573 1,816Nov-10 15.2 15.7 23,236 1,530 1,479Oct-10 15.0 15.9 24,556 1,634 1,544Sep-10 15.3 14.5 25,866 1,688 1,790Aug-10 14.4 14.1 26,379 1,833 1,871Jul-10 14.8 13.5 26,800 1,808 1,982Jun-10 14.3 8.7 26,728 1,863 3,067May-10 14.8 10.7 26,579 1,800 2,490Apr-10 8.2 10.8 26,642 3,255 2,465BrokerMetrics® 2 of 2 05/20/11 Information not guaranteed. © 2011 - 2012 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).