Daily Archives: September 17, 2007

Prices Increasing in Spite of Slower Market

For the year ending December 31, 2006 Charles Rutenberg Realty in the greater Chicagoland market completed over 1240 transactions with a total sales volume in excess of $258,000,000. The average sale price per property was $233,901.

Through the end of August 2007, we have completed over 880 transactions with a total sales volume over $180,000,000. The average property sale so far this year is $239,852. This is a 2.5% increase even though the overall market velocity in 2007 has slowed down markedly from 2006.