Realtors Find Positive Spin For 40% Drop In Chicago Home Sales


sleazy realtor.jpg

The Illinois Association of Realtors just came out with their October sales numbers for Chicago and the rest of the region. As I pointed out a couple of weeks ago home sales were down 40% (actually I estimated 41%) from last year. But what eluded me at the time was exactly how the IAR was going to positively spin such a massive drop. I knew they would find a way but could not imagine what it would be. Well, now we know: 

Illinois Median Price in October Holds Steady from September 
Home Sales Activity Up Year-to-Date

So what they not so cleverly did was focus on median prices, which I have pointed out on numerous occasions are totally meaningless, and year to date sales numbers, which were heavily impacted by that tax credit fiasco.

Damn those realtors are tricky!

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    Gary Lucido

    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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