Area home sales up, prices down in August

September 21, 2011 5:00:54 PM PDT
There is good news and bad news about home sales in the Chicago area for the month of August.

Home sales jumped more than 27 percent in the Chicago area over the same period last year.

According to the Illinois Association of Realtors, the median price dropped more than 10 percent from $197,000 to just over $176,000.