Some positive news from the IL Association of Realtors figures regarding May home sales released yesterday and here’s the story from the Tribune. Pretty consistent with what I’m feeling down at the micro-level. Sale prices up some 4% from April and the total number of homes sold up in the high teens from April, BUT, way down year-over-year.
I’m seeing a lot of buying activity out there and sales, if seller is pricing property appropriately rather than at 2007 values. The first 6 months of ’09 we probably had 400% more residential transactions close in our firm compared to the last 6 months of ’08 and I’d expect a similar increase over the second 6 months of ’09.
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