Median Prices Evanston Single Family Home Decline 18% 2008-2009

Data from the Northern Illinois  Multiple Listing Service indicates an 18% decline in median sales price for single family homes from Sept 2008 to 2009. Market time increased an average of 30% and number of sales declined about 14%.
Interest rates are still low, so buyers purchasing  power is still strong.
 The real estate industry is encouraging congress to extend and expand the homebuyer tax credit.