The Chicago Tribune has recently provided a snapshot of sales prices which are contrary to what the national media would have you believe

On February 3, 2008, the Chicago Tribune had reported in their Price Pulse section a sampling of the actual home sales prices for the homes in west Cook County and DuPage County. Their study was retroactive-looking at the July through September period in 2006 comparing it to that of the same period in 2007.

In Oak Brook, number of units sold increased 26%. The median sale prices increased 17%

In Hinsdale, the number of units sold decreased 30% while the median sales price increased 36%.

Clarendon Hills was reported to have 16% fewer transactions whereas the purchase price increased 12%.

Western Springs had 3% fewer contracts accepted and a 13% increase in median sales price.

In La Grange, the sales volume declined 20%, but the median contract price increased 16%.

To independently research sales prices of homes in your neighborhood (your boss’ house for example), go to: Http://www.chicagotribune.com/realestate/transactions

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