May 31, 2007
- Chicago Condo Market Conditions - April 2007
For April 2007
Average Days on the Market: 72 Days
Monthly Supply of Inventory: 5.6 months
Average Sale Price: $330,869
The Chicago Condo Market still looks relatively healthy. Less than six months of inventory is considered to be a sellers market and currently there is 5.6 months of inventory. So although we are close to the [...]
February 5, 2007
- Hinsdale Real Estate Market Conditions
Hinsdale has long been known for its seemingly constant conversions from teardowns to new construction of ever increasing larger homes. If you’re planning on selling your home in Hinsdale, here are some quick current market trend figures that may help you:
The overall median price of homes that have sold in Hinsdale over the last 2 [...]
February 1, 2007
- Chicago Condo Market Conditions for January 2007
The average number of days on the market for an attached home (includes condos and townhomes) in Chicago rose in January to 84 days. This is up from 82 days in December and 76 days in November.
The monthly supply of inventory dropped to 6.6 months from 10 months. This means [...]
January 29, 2007
- Market conditions and trends graphs now available
Berg Properties in conjunction with Altos Research now has graphs related to Chicago real estate market conditions available on their website for free. We have started with a core group of neighborhoods and suburbs and will branch out from there. The graphs will not include accurate Chicago condo data for several months as [...]
January 22, 2007
- Oak Park Real Estate Market Conditions
Inventory levels for single family Oak Park homes dropped to 8.3 months of inventory in December after reaching a high of 11.5 months in September. The average days on market for the month was at 84 days which is up significantly from the summer months which varied form 31 to 52 days.
After [...]
January 19, 2007
- New home market showing signs of improvement
Housing starts rose in December the Commerce Department reported Thursday. Housing permits also jumped the most in four years. Sales of new homes have improved in recent months as builders have piled on incentives to move product. The Chicago Tribune reported that even with the gains reported for December, housing starts [...]
- Recent Inflation and Labor News Good for the Housing Market
The Labor department reported Thursday that the consumer price index rose 2.5 percent last year. The Fed has been watching the index very closely for signs of trouble due to the surge in energy costs in recent years. As of right now, the core inflation rate appears to be in check.
Additionally it [...]
January 10, 2007
- Chicago Condo Market Conditions for December
For December there was a 9.6 month supply of attached homes (condos and townhomes) in Chicago which was down slightly from November’s 9.9 month supply. This means that at the current rate it would take 9.6 months for the current inventory of homes to be absorbed. The months of supply of attached homes [...]
December 12, 2006
- Chicago Market Conditions Report
For the week in Chicago here are the number of closings versus new listings.
The amount of inventory is down slightly from last month.
For The median close prices, please note that type 1 : Condo and Townhomes, type 2: Single Family homes, Type 3 is multiunits.
All data courtesy of CAR - Chicago Association of Realtors
December 6, 2006
- Chicago Real Estate Inventory, Sales and Close Data
Compared with 2005, closings are down significantly while the number of listings coming on the market are down slightly from last year.
This only adds to the already high inventory levels. This graph shows that shows that inventory levels are very high for the Chicagoland.
In this table please note that type 1 : Condo [...]
December 1, 2006
- IAR reports that home sales are down
The Illinois Association of Realtors recently reported that October home sales in the Chicago area were 15.4% down from last year. That being said, prices inched up less than 1% from last year. The Chicago Tribune reported that Chicago-area condo prices fell about 5% in October although prices were still up about 3% for the [...]
