Shhhhh! Danville, Ill., has cheap

Shhhhh! Danville, Ill., has cheap houses The Southern Illinoisan newspaper reports that the Danville Board of Realtors in Illinois has decided to withhold sales data from the National Association of Realtors trade group after the Danville metro area ranked as the lowest-price market in the nation during the second quarter of 2006. "We looked into it – all avenues of what we should do," stated Debbie Borgwald, executive officer of the Danville board, in the article. "We want to let people know Danville is a great place to live." She also told the newspaper that the low prices for the metro area had generated negative publicity. Inman News reported in August that the Danville, Ill., metro area had an 11.2 percent decline in metro-area home prices in the second quarter of 2006 compared to second-quarter 2005, and that metro area had the lowest median price for single-family existing homes among the 151 metro areas tracked by the national Realtor group. According to that report, five metro areas in Illinois, four in Indiana and four in Ohio had price declines in second-quarter 2006 when compared with second-quarter 2005.The national median existing single-family home price was $227,500 in second-quarter 2006. –Glenn Roberts Jr., Inman News

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