“If there is a headline from the first nine months of 2012, it is one of continued market stabilization,” said Michael D. Oldenettel, CRS, GRI, and Managing Broker/Owner with RE/MAX Results Plus in Jacksonville, Ill. “The prices, interest rates and consumers’ feelings about the economy are fueling improvements in the housing market.”
Zeke Morris, president of the Chicago Association of REALTORS® and Operating Principal and Managing Broker, Keller Williams Realty, CCG: “Prices are in line with the amount of distressed product that’s still out there; we have to work through that inventory. We should continue to try to stabilize the lower half of the market, particularly the condo market in the city, which to a large extent is a function of consumer confidence and jobs.”
Sales, median prices show gains in September in Illinois [infographic]
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