Edgeville Buzz

Real Estate Sales Slowdown in Edgewater

As real estate sales have come to a halting slowdown across the nation, it appears Edgewater is no exception. Some interesting facts from the Chicago Association of Realtors:

-145 units were sold in the first quarter of 2008.
– This represents the poorest sales since 1998, and a 20% from the same period last year.
– Sellers are seeing their homes on the market for an average of 154 days before selling.
– Average selling price is down 5% from the same period last year.

That being said, this is a great time for anyone looking to buy in our wonderful neighborhood!


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