Area home sales plummet
The ongoing credit crunch and a softening economy led to double-digit declines in first-quarter home sales in the area and lower prices being paid for most of them, according to the Illinois Association of Realtors' latest report. Here are first-quarter 2008-to-2007 comparisons for the Elgin area of sales and median price (a typical market price where half the homes sold for more, half sold for less):
The ongoing credit crunch and a softening economy led to double-digit declines in first-quarter home sales in the area and lower prices being paid for most of them, according to the Illinois Association of Realtors' latest report. Here are first-quarter 2008-to-2007 comparisons for the Elgin area of sales and median price (a typical market price where half the homes sold for more, half sold for less):




