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News Wednesday April 20th, 2011, 10:00am

Chicago Home Prices Jump (UPDATED)

The median price for a condo in the city of Chicago rose to $275,000 last month, which is up from $267,500 in March 2010. The 2.8 percent increase represents the first time there was a rise in prices in over two years. In the Chicago area, March single-family home and condo sales increased 41.3 percent compared to February and the sale of homes jumped 3.6 percent since February.

UPDATE (3:23 p.m.): In its report on the housing market, Crain's noted that home prices in the Chicago area fell compared with a year ago for the ninth straight month.

Sources

  • News links: 
    Chicago Tribune

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