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Chicago IL Market Statistics Update - January 21, 2008

Morning, Folks!

Each Monday morning, we update Market Statistics for the North Side of Chicago IL, roughly North and West of Wrigley Field to the Chicago City Limits.  We post the numbers on our Team Blog Center - BlogChicagoHomes.com.  We'll start sharing these numbers here, each week, in case you or any of your clients are considering moving or investing here in Chicago.

Here is a look at our Chicago Real Estate Stats Pack for, Monday Morning, January 21, 2008.    We cover single-family, small-multi family, and condos in Downtown Chicago and the entire Chicago IL area.   

Communities and clients we serve reside, or plan to reside, in the Chicago Neighborhoods of The Chicago Loop, The Gold Coast, River North, Lincoln Park, Lakeview, Uptown, Edgewater, North Center, Lincoln Square, Albany Park, Ravenswood, Wicker Park, and Bucktown. 

Also, these Great Chicago Neighborhoods: Logan Square, Rogers Park , West Ridge, Portage Park, Jefferson Park, Norwood Park, Sauganash, Edgebrook, and Edison Park.   Plus All Chicago Suburbs

SINGLE FAMILY, CONDOS, AND SMALL MULTI-UNIT PROPERTIES - NORTH SIDE OF CHICAGO, NORTH OF ADDISON STREET, WEST OF ASHLAND AVENUE

                             ACTV LISTINGS        JUST SOLD         CLOSED        EXPIRED

w/e January 20th              4,200                  45                   38                70

w/e January 13th              4,186                  28                   34                42

% CHANGE                       +0.3%              +60.7%              +11.8%         +66.7%

CLOSED PROPERTIES DATA

                              AVG SALE PRICE     AVG DAYS ON MKT     TOTAL VOLUME   

w/e January 20th          $352,377                 134 DAYS                  $13,390,350

w/e January 13th          $350,460                 157 DAYS                  $11,915,665

% CHANGE                        +0.5%                   -14.6%                          +12.4%

THEORETICAL TIME TO CLEAR EXISTING INVENTORY (ABSORPTION RATE) -

     LAST 12 MOS - 11.35      LAST 6 MOS - 18.37     LAST 3 MOS - 32.23

PERCENT OF HOMES SELLING IN 180 DAYS -  31.45% (UNSOLD - 68.55%)

SOURCE:  MLSNI, AREA MARKET SURVEY DATA

For an archive of earlier Chicago Stats Pack Reports, click here.

As always, call with any questions on any of these numbers.

DEAN & DEAN'S TEAM CHICAGO

Comment balloon 2 commentsDean Moss • January 21 2008 09:00AM
Chicago IL Market Statistics Update - January 21, 2008
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