As a Logan Square resident and Chicago Real Estate Broker, I am constantly reading various media sources about our local housing market.  It bothers me that the national news reflects so much on our local situation when in fact it doesn’t at all.  People often see the pricing declines in California and think it applies locally.  Further people often read general local studies on pricing and apply it to themselves. 

Chicago has hundreds of separate real estate markets depending neighborhood, location within the neighborhood, property type, size, finish level plus much more.  The point is to get specific pricing information about your property and do not rely on general data studies that look broadly at these markets.

An example of a broad study follows:  http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=31845.