Market Conditions

Sept. 15, 2010

Former Chicago personality Jonathon Brandmeier lists his mansion in Malibu, CA for $7.995M

Demo text Check out Bob’s column from this coming Sunday’s Chicago Tribune (but available online now!), in which Bob breaks the news of former Chicago radio personality Jonathon Brandmeier listing his mansion in Malibu, Calif. — which overlooks the Pacific Ocean — for $7,995,000.

Brandmeier now owns — ...

View More
Posted in Market Conditions
June 1, 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 ...

View More
Posted in Market Conditions
Feb. 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 ...

View More
Posted in Market Conditions
Feb. 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 ...

View More
Posted in Market Conditions
Jan. 30, 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 ...

View More
Posted in Market Conditions
Jan. 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 ...

View More
Posted in Market Conditions
Jan. 19, 2007

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 ...

View More
Posted in Market Conditions
Jan. 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 ...

View More
Posted in Market Conditions
Jan. 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 ...

View More
Posted in Market Conditions
Dec. 12, 2006

Chicago Market Conditions Report

For the week in Chicago here are the number of closings versus new listings.
Market Conditions 12.11

The amount of inventory is down slightly from last month.
Market Conditions Inventory Chicago 12.11

For The median close prices, please note that type 1 : Condo and Townhomes, type 2: Single Family homes, Type 3 is multiunits.
Market conditions chicago listings closings

All data courtesy of ...

View More
Posted in Market Conditions