Finally some positive news on the market in Chicago!! This information was in the Chicago Tribune on March 25th.
Home sales in Chicago and the nation, helped in part by steep price
declines, took a surprise bounce upward in February, encouraging some
to wonder whether the long-awaited "Are we there yet?" moment in
housing's downward spiral has arrived.
But no one was ready to pop champagne corks yet, as many in the industry cautioned against reading too much into short-term data, saying housing still has a long climb ahead of it.
Nationwide, existing-home sales rose an unexpected 2.9 percent from January through February, according to the National Association of Realtors, the first month-to-month uptick in seven months.
And in a separate report released Monday, Chicago-area home sales showed a one-month gain of nearly 10 percent in February, along with a 15 percent jump statewide.