Home sales down, median prices up locally

March 25, 2008 3:57:25 PM PDT
After six months of declines, home sales across the country are up slightly but not in the Chicagoland area.The Illinois Association of Realtors reports just over 4,300 home sales last month in the nine-county Chicago region. That's a 27 percent drop from last year at the same time.

But sellers were getting a little more for homes. The median price rose to $240,000.

Sales of condos were also down, but the median price jumped 10 percent to $315,000.