Wonder if your home’s value went up or down in the last year? Well, that depends upon where you live. According to the Illinois Association of Realtors, In DuPage county the median price of a home declined 5% from April 2009 to April 2010, while in the city of Chicago in the same period the median prices inched up a whopping 1.8%. The better news may be the actual number of sales, which increased significantly in that time period in both markets. In DuPage sales increased by 57.2% and in Chicago 45.5%.
Are we out of the woods yet? Maybe. At the very least we’ve found the footpath.