Good Morning!
Here's our Chicago Market Stats Update, based on data compiled Sunday evening, August 23, 2009.
Mid-month numbers ticked down last week!
While Active Listings were stable - no big influx of homes-to-market usually comes to Chicago in mid-August - most other numbers fell - Pending Sales, Closed Transactions, Sales Volume, and Average Sales Price. Listings Expired also fell - typical for mid-month. Encouragingly, Average Market Time tumbled - hopefully, a positive trend!
The Absorption Rate - the theoretical time to clear existing homes-for-sale inventory, fell once again! The Percentage of Homes Selling in an Estimated Six-Month Marketing Time Frame retrenched, just a bit, this past week.
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 August 23rd 4,210 60 65 33
w/e August 16th 4,224 69 79 47
% CHANGE -0.3% -13.0% -17.7% -29.8%
CLOSED PROPERTIES DATA
AVG SALE PRICE AVG DAYS ON MKT TOTAL VOLUME
w/e August 23rd $270,836 127 DAYS $17,604,340
w/e August 16th $275,537 168 DAYS $21,767,423
% CHANGE -1.7% -24.4% -19.1%
THEORETICAL TIME TO CLEAR EXISTING INVENTORY (ABSORPTION RATE) -
w/e August 23rd - LAST 12 MOS - 16.18 LAST 6 MOS - 14.26 LAST 3 MOS - 11.83
w/e August 16th - LAST 12 MOS - 16.12 LAST 6 MOS - 14.59 LAST 3 MOS - 11.98
PERCENT OF HOMES SELLING IN 180 DAYS -
w/e August 23rd - 34.86% (UNSOLD - 65.14%)
w/e August 16th- 35.76% (UNSOLD - 64.24%)
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
Comments(0)