February existing home sales up 2.9%-Local Information for Huntley, IL

According to a March 24 report by the National Association of REALTORS® (NAR), sales of existing homes were up 2.9% in February and remained stable. NAR says that, although they do not expect a notable gain until the middle of the year, the February increase is a sign that the market is stabilizing. The national median home price was down 8.2% from the previous year.

Statistics from the Multiple Listing Service of Northern Illinois (MLSNI) shows the following for Huntley, zip code 60142:
From March 1, 2006 to Feb. 28, 2007:

From March 1 2007 to Feb. 29, 2008

So the average market time increased and the average sales price decreased during that time period, but not as significantly as the national figures. Average sales price in Huntley was down 3.5% and average market time was up about 22%.