The other day, I had the privilege of being interviewed by Mark Saxenmeyer of Fox Chicago News. He was doing a story on the road to recovery in Lincoln Park. So, that got me looking at the sales numbers and comparing how prices are doing in the 1st 1/2 of 2009 vs all of 2008. While condo and multi unit prices are slightly down, single family home prices are up. Not bad given all that we’ve been hearing over the past 12+ months. I think this reinforces what I’ve been saying for some time, real estate is a local business. The national numbers, even the Chicago metro numbers, provide general, broad information and don’t truly reflect what might be happening in our own backyard.

So, if you really want to know what’s going on in your back yard, how your home value is faring in this crazy economy, consult with your local real estate professional. If you don’t already have one, I would be happy to help!