Thursday, October 25, 2007

My own research on the latest sales figures

Yesterday's post was compiled from news items reported in various media outlets based on information provided by the National Association of Realtors and the Illinois Association of Realtors. I wanted to verify what has been happening in our local market areas.

The data in the graphs below are compiled from our Multiple Listing Service, looking at data in the City of Chicago, for property types 1 (single family homes) and 2 (condos and townhomes.)

The above graph shows pending sales - properties that have gone under contract but not yet closed. Comparing September 2005 to September 2007, the number of pending properties are down 40 percent.

This one shows properties that have sold and closed. The number of homes sold in September 2007 is down 45 percent from September 2005.

Look for graphs in the coming days examining the same data for popular neighborhoods.