Market Conditions
Hinsdale Real Estate Market Conditions
By Bob Goldsborough at 5 February, 2007, 3:53 am
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 [...]
Read More >>Chicago Condo Market Conditions for January 2007
By Bob Goldsborough at 1 February, 2007, 4:05 am
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 that it would take [...]
Read More >>Oak Park Real Estate Market Conditions
By Bob Goldsborough at 30 January, 2007, 12:46 am
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 a dip [...]
Read More >>Market conditions and trends graphs now available
By Bob Goldsborough at 29 January, 2007, 12:48 am
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 there is [...]
Read More >>Recent Inflation and Labor News Good for the Housing Market
By Bob Goldsborough at 19 January, 2007, 1:20 am
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 was reported [...]
Read More >>New home market showing signs of improvement
By Bob Goldsborough at 19 January, 2007, 1:19 am
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 dropped 13% in 2006, [...]
Read More >>Chicago Condo Market Conditions for December
By Bob Goldsborough at 10 January, 2007, 1:33 am
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 has risen [...]
Read More >>Chicago Market Conditions Report
By Bob Goldsborough at 12 December, 2006, 4:16 am
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 [...]
Read More >>Chicago Real Estate Inventory, Sales and Close Data
By Bob Goldsborough at 6 December, 2006, 4:22 am
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 [...]
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