Market Leaders Profile: Chicago

Data and information on the Chicago remodeling market

September 30, 2009

 

Population: 9,569,624 (5.2 percent increase since 2000)

Existing home sales: Q2 2009 sales were down 15.4 percent from 2008, but up 67.7 percent from Q1

Home prices:

  • Down 16.7 percent from 2008
  • Down 25.9 percent from September 2006 local peak
  • Down 12.3 percent over last 5 years
  • Up 29.1 percent over last decade

Homeownership rate: 69.4 percent (No. 29 among major metros)

Median household income: $58,946

Local unemployment rate: 10.6 percent (up from 6.8 percent in 2008)

Sources: Illinois Association of Realtors, S&P/Case Shiller Home Price Index, U.S. Bureau of Labor Statistics, U.S. Census Bureau

RELATED LINKS

Chicago Tribune: Chicago home sales up again in July 



New York Times: The Second City Is Becoming Second-Home City 



The Corner Office: Airoom 



The Corner Office: Orren Pickell Designers & Builders

 

Normandy Builders, 2007 Remodeler of the Year 



Insurance Restoration Offers Recession-Proof Path to Success (Profile of J.C. Restoration) 



 

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