Good Morning!
Here's our Chicago Market Stats Update, based on data compiled Sunday evening, April 19, 2009.
The week-to-week see-saw continues, with Closed Units and Pending Sales posting gains this week that wash out last weeks declines. Unfortunately, the number of Expired Listings climbed this week as well.
While stability pervades the count on Active Listings, the Average Sales Price showed an unwelcome decline. Average Market Time improved, but continues very high in the North and Northwest Side of Chicago Communities we serve most frequently. Sales Volume increased nearly 19% this week versus last.
Absorption Rate - the theoretical time to clear existing homes-for-sale inventory, again improved, while the downward trend in the percentage of homes sell within a normal six-month marketing time frame is still low.
Here are archived annual Chicago Neighborhood Statistics, including Units Sold and Price Trends Data, for 1995 through 2008 courtesy of The Chicago Association of Realtors.
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 April 19th 4,276 49 52 54 w/e April 12th 4,222 41 40 43 % CHANGE +1.3% +19.5% +30.0% +25.6% CLOSED PROPERTIES DATA AVG SALE PRICE AVG DAYS ON MKT TOTAL VOLUME w/e April 19th $264,512 214 DAYS $13,754,624 w/e April 12th $290,001 245 DAYS $11,600,040 % CHANGE -8.8% -12.7% +18.6% THEORETICAL TIME TO CLEAR EXISTING INVENTORY (ABSORPTION RATE) - w/e April 19th - LAST 12 MOS - 15.83 LAST 6 MOS - 22.21 LAST 3 MOS - 23.63 w/e April 12th - LAST 12 MOS - 15.51 LAST 6 MOS - 22.09 LAST 3 MOS - 24.69 PERCENT OF HOMES SELLING IN 180 DAYS - w/e April 19th - 27.81% (UNSOLD - 72.19%) w/e April 12th - 28.09% (UNSOLD - 71.91%) SOURCE: MIDWEST REAL ESTATE DATA LLC, AREA MARKET SURVEY DATA
Review our Chicago IL Real Estate Stats Pack Archive via BlogChicagoHomes.com.
DEAN & DEAN'S TEAM CHICAGO
Mmmm. DOM is still pretty high. I believe (without looking) that ours is more in the 100 day range with more or less depending on county.
Interesting. Glad it's on the "improved" direction.