Chicago home sales drop 37 percent in first quarter :: CHICAGO SUN-TIMES :: Business: "Home sales in Chicago plunged 37 percent in the first quarter from a year earlier, and prices fell 26.8 percent, the Illinois Association of Realtors said Friday.
There were 2,909 existing single-family homes and condominiums sold in the first quarter of this year, down from 4,617, and the median price was $216,000, down from $295,000, the group said.
In the Chicago metropolitan area, sales sales dropped 26.4 percent to 10,306 from 14,012, and the median price fell 22.8 percent to $187,500 from $243,000.
Statewide, sales were down 23.5 percent to 16,748 from 21,902, and the median price sank 21.1 percent to $146,000 from $185,000."
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I don't much care how many houses change hands, but these price drops are downright painful to behold.
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