Here's a little exercise I did when too tired to do anything else.
Import 2007 residential sales data for 7th aldermanic district into Excel. Wonder why the 2007 data goes only through May. Ponder that for a moment, move on.
Import 2006 residential sales data for 7th aldermanic district into Excel. Compare the first five months of the two years.
No. of sales in 2007: 155
No. of sales in 2006: 299
Average sales price 2007: $96,264
Average sales price 2006: $99,074
Not good news. And as sales and values drop in some areas in the city, what do you think will happen to property taxes in others?