chicago il market statistics update: Chicago IL Market Statistics Update - November 10, 2008
- 11/09/08 11:24 PM
Good Morning! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, November 9, 2008 - An historic election is over - and the Financial Markets responded with a swoon last week on unfavorable unemployment numbers. Alas, election of a new U.S. President, in and of itself, was not enough to turn the economy, and the housing market, around overnight. We'll all have to work on this problem in the coming year, folks! Active Listing Inventory stabilized this week, after last week's dip. Many are still selling their homes, although some have put their listings on winter hiatus. Average Sales Price fell … (1 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - November 3, 2008
- 11/02/08 11:02 PM
Good Morning! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, November 2, 2008 - Here in Chicago, could we be nearing a price bottom in our local Real Estate Market? Average Sales Price has seemed to stabilize this week, and Average Market Time of those listings that do sell seems to be improving over its recent long-term trend. Pending Sales gave back last week's improvement, Units Sold and Sales Volume, as well as Listings Expired, showed their usual end-of-month jumps - although Expired Listings really skyrocketed versus previous months. This weeks fall in Active Listing Inventory … (1 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - October 27, 2008
- 10/27/08 12:34 AM
Good Morning! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, October 26, 2008 - Active Listing Inventory very slightly down from last week in the North and Northwest Side of Chicago Communities we serve most frequently - it has been virtually flat over the last couple of months. Pending Sales showed a welcome rebound - perhaps, as prices become more affordable, and buyers begin to learn their lending options, sales are picking up a bit, Closed Properties rebounded as well, ahead of the usual end-of-month increase - encouraging! Expired Listings countered last … (1 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - October 20, 2008
- 10/19/08 10:17 PM
Good Morning! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, October 19, 2008 - Active Listing Inventory was virtually unchanged from last week in the North and Northwest Side of Chicago Communities we serve most frequently - perhaps fewer sellers are coming to market as the weather cools. Pending Sales dropped for the third week in a row - indeed, we're seeing sluggish activity the past few weeks, perhaps out of concern for uncertainty in the Credit Markets. Closed Properties continued their dip beginning two weeks ago. Expired Listings fell, countering last week's … (1 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - October 13, 2008
- 10/13/08 01:29 AM
Good Morning! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, October 12, 2008 - We've survived the worst week for the Dow Jones industrial Average in history - finally, predictions for a higher open today. After all that happened last week, housing inventories remain high, with home sellers fearful, and many potential buyers confused about how to proceed. Here in Chicago, a slight drop in Active Listing Inventory may indicate a slight trend toward pulling some unsold inventory off the market for the fall - will need to monitor to see if this … (1 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - October 6, 2008
- 10/05/08 11:48 PM
Good Morning! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, October 5, 2008 - The $700 Billion Rescue Bill is Law! Will it impact the Economy? Mortgage Rates? The Housing Market in general? Likely . . . not right away! Stability continues with Active Listings, and same stability for Pending Sales for single family homes, and small multi-family properties in the North and Northwest Side of Chicago Neighborhoods. Units Closedincreased and Expired Listings fell last week - countering last week's moves, but, again, total quantities small here. Pending Sales dropped this past week - perhaps the uncertainty … (4 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - September 29, 2008
- 09/29/08 02:06 AM
Good Morning! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, September 28, 2008 - How will the just-approved Financial Bailout by Congress impact the housing market? Of course, no one knows exactly, but the housing market response is likely to come slowly. Inventory is still very high in the Chicago Neighborhoods and Suburbs we serve, and loan requirements will likely continue stringent, at least in the short term. Stability continues with Active Listings, and same stability for Pending Sales for single family homes, and small multi-family properties in the North and Northwest Side of Chicago Neighborhoods. Units … (0 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - September 15, 2008
- 09/15/08 12:46 AM
Good Morning! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, September 14, 2008 - Active Listings and Pending Sales continue stable - drops in Units Sold and Expired Listings normal for mid-month, but seem to be trending downward with the start of school, in the North and Northwest Side Neighborhoods in Chicago we serve. Average Sales Price see-sawed lower, but on a downward trend since the beginning of the year. Average Market Time sprung back like a jack rabbit this week - still trending high over the past few months. Sales Volume down, which may be … (0 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - September 8, 2008
- 09/08/08 12:29 AM
Good Morning, Active Rainers! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, September 8, 2008 - Stability in Active Listings continues, while Pending Sales fell to wash out last week's gains, showing a consistent trend, but continued low performance, in the North and Northwest Side Neighborhoods in Chicago we serve. Units Sold and Closed fell, as the last business day of August fell over a week ago, and many closings are scheduled during the last week of each month, while Average Sales Price bounced back from last week - but I would not expect … (3 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - September 1, 2008
- 09/01/08 01:34 AM
Hope you're enjoying your Labor Day Weekend! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, August 31, 2008 - Continued stability in Active Listings again this week, while Pending Sales rebounded considerably in the North and Northwest Side Neighborhoods in Chicago we serve. Units Sold rebounded strongly last week, while Average Sales Price dropped like a rock. If these numbers continue to trend this way, it could indicate that sellers are finally seeing that adjusting their asking price could drive increased sales. Average Market Time about the same as last week. On the surface, Absorption Rate, … (3 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - August 25, 2008
- 08/24/08 10:08 PM
Good morning, Everyone! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, August 24, 2008 - Active Listings have continued their steady run, while Pending Sales continue their mid-summer tumble in the North and Northwest Side Neighborhoods in Chicago we serve. Closed Sales Volume, Units Sold, and Average Market Time showed improvement this past week. Average Sales Price also improved somewhat. Absorption Rate, or average inventory turnover, increased 1.6% this week as well, with current inventory in the areas we serve very at 28.5 months now. Percentage of Sale Within Six Month (180 Days) shows … (1 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - August 18, 2008
- 08/18/08 01:10 AM
Good morning, Everyone! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, August 17, 2008 - Pending Sales gave back much of last week's gain in the North and Northwest Side Neighborhoods in Chicago we serve, while Active Listings Inventory remained steady. There was a strong increase in Average Sales Price over the past week, but unsure if this is an aberration, or a definite trend. Monitoring this figure over the next few weeks will help us answer this question. Sales Volume jumped in conjunction with the increase in Closed Unit Sales and Average Price. … (2 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - August 11, 2008
- 08/11/08 01:25 AM
Good morning, AR! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, August 10, 2008 - One encouraging sign this week is a bit of a jump in the weekly Pending Sales throughout the North and Northwest Side Neighborhoods in Chicago we serve. We see continued stability in Active Listing Inventory and Average Sales Price, despite a slight dip in Average Sale this week. Closed Listings and Expired Listings show dramatic mid-month dips, as is usually the case. Average Market Time came down a bit, which is very good to see, while Sales Volume fell versus … (2 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - August 4, 2008
- 08/04/08 12:36 AM
Good morning, AR! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, August 3, 2008 - The "bottom" of the real estate market. Have we seen it? Or, is it near? Active Listing Inventory continues its pattern of stability we have seen over the last few weeks, while Average Sales Price has trended stable, despite reports last week of a continuing downward median price trend in much of the Chicago Real Estate Market. Pending Sales continue at a slow weekly rate, although up from a couple of months ago, while Closed Listings and Expired Listings show … (1 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - July 28, 2008
- 07/28/08 03:37 AM
Good morning, AR folks! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, July 27, 2008 - For the last few weeks, Active Listing Inventory has remained fairly stable, while Average Sales Price has been on a slightly up trend, despite this week's 1% drop. Trends over the past few weeks show little long-term change in Pending Sales and Closed Listings, gaining back the losses we saw last week. Average Market Time did improve this week, but is still a high 4.5 months, on average. Total Sales Volume up a bit - due to slightly higher closed … (1 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - July 21, 2008
- 07/21/08 01:20 AM
Good morning, AR folks! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, July 20, 2008 - Some hopeful numbers this past week! While Active Listing Inventory continued stable over the past couple of weeks, Average Sales Price actually took an upturn, up a respectful 6.6%. The number of Pending Sales and Closed Listings each see-sawed once again this week, falling somewhat since the last time we checked the stats one week ago. Average Market Time way up this week. This might be an aberration, but, in any event, remains high. Total Sales Volume stable versus … (0 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - July 14, 2008
- 07/13/08 04:30 PM
I'm trying to get a head start on the day with this earlier-than-usual post! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, July 13, 2008 - Active Listing Inventory remained stable this week, but Pending Sales increased, countering last week's Fourth of July-week drop-off. Closed Listings and Listings Expiring countered last week's increases - predictably, since we are now mid-month. Total Sales Volume gave up last week's gain. Average Market Time fell this week - but there is no established trend here toward moderation. Absorption Rate, or average inventory turnover, gave back much … (0 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - July 7, 2008
- 07/07/08 12:18 AM
Good Morning, AR! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, July 6, 2008 - Generally, the last day of June is a big day for real estate closings on the North and Northwest Sides of Chicago. This week's figures, however, show little change from those of last week - only 112 single family homes, condos, or two-to-four unit apartment buildings closed last week, compared to 111 the prior week. Sales Volume was up considerably last week, as those properties that did sell had a higher average sales price than last week. … (0 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - June 30, 2008
- 06/30/08 03:58 AM
Good Morning, AR! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, June 29, 2008 - While Active Listings and Sales Pending remained fairly stable within the past week, we are encouraged by considerable improvements in Average Market Time, Transactions Closed, and Closed Volume - these figures based on properties that went under contract several weeks ago, and are just now closing. The dip in Average Sales Price might indicate many successful sellers are beginning to realize pricing correctly is the best predictor of a timely sale. Absorption Rate, or average inventory turnover, fell … (2 comments)
chicago il market statistics update: Chicago IL Market Statistics Update - June 23, 2008
- 06/23/08 03:27 AM
Good Morning, AR! Here's the latest Stat Summary on the Chicago Real Estate Market, based on data pulled yesterday evening, June 22, 2008 - The mid-month Sales Pending and Transactions Closed statistics had a positive jump from last week, when both indicators showed declines. Average Sales Price dropped slightly, as while total volume increased somewhat, reflecting the bounce back last week in Closed Sales. Average Market Time is still too high! Absorption Rate, or average inventory turnover, surprisingly increased another 1.5% this past week - unexpected, given the jump in Pending Sales and Closed Sales. The theoretical level of home inventory in the … (0 comments)
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