Chicago Area Homes For Sale Inventory Report - April, 2010

The onset of the Spring selling season has led to a 11.5% increase in the number of homes listed for sale in the Chicagoland area from February through April, 2010. The average asking price across the entire market has remained flat despite the increase in inventory of homes for sale, with quite a bit of variation from city to city. As shown in the chart below, asking prices increased in eight of the 15 cities in the Chicagoland area with the largest number of listed properties, and declined in seven. Additional information on inventory and prices is available at BuyingaHomeChicago.com

Chicagoland Area Inventory of Homes for Sale - Change from February to April

	# of Homes	Average	Sum of All	% Change	Net Change
	Listed as of	Ask	Ask Prices for	in Inventory	in Average
	4/1/2010	Price	Listed Properties	Since February	Ask Price
.
Chicago	27,985	$345,528	$9,669,601,080	10.8%	$2,812
Aurora	1,954	$191,603	$374,392,262	23.0%	$10,810
Naperville	1,833	$489,660	$897,546,780	10.8%	$(16,622)
Elgin	1,506	$237,431	$357,571,086	3.6%	$(2,786)
Plainfield	1,282	$319,770	$409,945,140	3.6%	$(2,786)
Joliet	1,194	$198,329	$236,804,826	7.3%	$(3,530)
Palatine	1,102	$290,402	$320,023,004	13.5%	$(7,940)
Des Plaines	1,194	$198,329	$236,804,826	10.2%	$1,658
Evanston	1,102	$413,016	$417,962,072	20.0%	$(695)
Arlington Heights	955	$336,772	$321,617,260	16.9%	$654
St. Charles	927	$510,343	$473,087,961	15.7%	$(21,540)
Downers Grove	817	$382,011	$312,102,987	20.7%	$1,831
Schaumburg	799	$242,703	$193,919,697	28.5%	$5,027
Orland Park	774	$369,857	$286,269,318	8.9%	$13,639
Crystal Lake	746	$354,783	$264,668,118	7.3%	$1,597
Total for Entire Chicagoland Area	108,143	$333,564	$36,072,567,860	11.5%	$(205)