Home sales in the city of Chicago were down 7.2 percent in August, with the median home price plunging 22.9 percent from a year ago, a realtors' group reported today.
The median home price in the city stood at $229,476 versus the year ago's $297,500, according to the Illinois Association of Realtors.
The news was brighter in the six-county metropolitan Chicago area, where home sales went up in August for the second straight month - up 1.3 percent from a year ago. But median home prices in the metro area continued to sag, down 18.7 percent from a year ago, to $205,000, the association reported.
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