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Wednesday, November 18, 2009

Increase in sale of foreclosed properties in Chicago by 22 percent

Sale of Foreclosed properties in Chicago has increased by more than 22 percent in 3rd quarter. In Chicago, sale of all types of homes increased from 20,802 units in 2008 to 21,298 this year. This data also includes Condo units and single family houses. Sale price median was $205,000 this year, a drop of more than 16 percent from last year’s third quarter which was $244,900.

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