Home Sales in Illinois Up in December 2008

According to Illinois Association of Realtors, In the month of December, home sales in the Prairie State were up 7.38 percent higher in December 2008 with 6,590 units sold compared to November 2008 6,137 units sold. On the other hand however,  sales were down 17.5 percent from December 2007 total sales of 7,990. 

For the intire 2008, a total of 107,680 units were reported sold, 23.3 percent less from 140,378 sales in 2007.

With historically low interest rates and huge real estate inventories, great deals are to be found almost in every neighborhood. Please visit our website for more information about foreclosure properties including foreclosed condos in Des Plaines IL and Arlington Heights IL.

As usually during the holiday season, fewer homes have been sold in December 2008 than in previous months. Here is brief summary:

• Arlington Heights: 18 houses sold at the average price of $438,986
  
• Buffalo Grove: 14 houses sold at the average price of $356,654
  
• Des Plaines: 19 houses sold at the average price of $262,526
  
• Mount Prospect: 9 houses sold at the average price of $347,833
  
• Palatine: 11 houses sold at the average price of $426,027
  
• Schaumburg: 9 houses sold at the average price of $298,611
  
• Wheeling: 6 houses sold at the average price of $232,617
  

We have also available data for November 2008 and previous months. Please visit www.ChicagoSuburbs-Homes.com for more details.