According to figures compiled by The Multiple Listing Service of Northern Illinois, Inc. (MLSNI), sales of single-family attached and detached homes in the northern Illinois and Chicagoland area jumped sharply in February 2002, increasing almost 26 percent over February 2001 levels. A total of 6,939 homes, worth $1,543,198,905.00, changed hands between February 1 and February 28, up from 5,502 homes worth $1,139,698,932 during the same time frame in 2001. The average sales price per unit rose to $222,395, up from $207,142 last year.

Single-family property types include detached single-family houses; condominiums; townhouses; and multi-unit structures (2, 3, and 4-unit dwellings).

The Multiple Listing Service of Northern Illinois, Inc. covers the greater Chicago Metropolitan region, including the counties of Cook, DuPage, Lake, McHenry, Kane, Will, Grundy, and Kendall.

The Multiple Listing Service of Northern Illinois, Inc. is one of the largest MLS organizations in the United States, with over 31,000 subscribers. Over 61,000 active and 2 millions off-market listings are available in the MLSNI database. MLSNI is owned and operated by the eleven Chicago-area Boards and Associations of REALTORS®.

For additional information contact:

Brad Tertell – Director of Industry Relations – 630-955-2767
Mary Rzepecki – Director of Operations – 630-955-2766

Published: April 1, 2002

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