Good Morning!
Here's our Chicago Market Stats Update, based on data compiled Sunday evening, March 29, 2009.
Encouraging Statistics this week - as Sales Volume, Units Pending Sale, Sales Volume, Average Sales Price, and Market Time all improved this week!
Small total numbers may make the Expired Listings and Closed Sales less predictive, but, even so, Spring Market Numbers here in the North and Northwest Side of Chicago Communities we serve most frequently are looking a bit better!
Absorption Rate - the theoretical time to clear existing homes-for-sale inventory, continued its improvement of last week. However, the downward trend in the percentage of homes sell within a normal six-month marketing time frame continues.
Here are archived annual Chicago Neighborhood Statistics, including Units Sold and Price Trends Data, for 1992 through 2007, courtesy of The Chicago Association of Realtors. Updated 2008 stats will be available soon.
In addition, here is an Interactive Median Price Heat Map, from the Chicago Tribune Real Estate Section, covering Every Chicago Neighborhood. View the map for links to maps for Chicago Suburbs. It is updated as new data becomes available.
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 March 29th 4,287 50 46 36 w/e March 22nd 4,249 44 49 34 % CHANGE +0.9% +13.6% -6.1% +5.9% CLOSED PROPERTIES DATA AVG SALE PRICE AVG DAYS ON MKT TOTAL VOLUME w/e March 29th $301,244 186 DAYS $13,857,224 w/e March 22nd $272,307 197 DAYS $13,343,043 % CHANGE +10.6% -5.6% +3.9% THEORETICAL TIME TO CLEAR EXISTING INVENTORY (ABSORPTION RATE) - w/e March 29th - LAST 12 MOS - 15.65 LAST 6 MOS - 21.98 LAST 3 MOS - 26.79 w/e March 22nd - LAST 12 MOS - 15.12 LAST 6 MOS - 21.26 LAST 3 MOS - 27.35 PERCENT OF HOMES SELLING IN 180 DAYS - w/e March 29th - 28.73% (UNSOLD - 71.27%) w/e March 22nd - 29.60% (UNSOLD - 70.40%) SOURCE: MIDWEST REAL ESTATE DATA LLC, AREA MARKET SURVEY DATA
Call our Team anytime for current trends in any Chicago Neighborhood or Chicago Suburb!
Review our Chicago IL Real Estate Stats Pack Archive via BlogChicagoHomes.com.
DEAN & DEAN'S TEAM CHICAGO
Hello Dean. I like the granularity of your report where you break the information down by the week. Very relevant and much up to date.
It's hard for me to tell from these stats,
but it looks like properties are moving a little...