Good Morning!

Here's our Chicago Market Stats Update, based on data compiled Sunday evening, October 25, 2009.

Most of the key numbers were flat this past week, although Expired Listings show their usual mid-month drastic dip.  I am somewhat encouraged, however, by a seemingly-positive trend in Pending Sales, although at far lower prices than even one year ago. 

Active Listings remain stable in the North and Northwest Side of Chicago Neighborhoods we serve most frequently.  Average Sales Prices  were level as well during the past week.  Once again, however, Average Market Time fell - good news!

Absorption Rate - the theoretical time to clear existing homes-for-sale inventory, edged back up a bit this week, but not enough to cause alarm.  The Percentage of Homes Selling in an Estimated Six-Month Marketing Time Frame also improved - to 45.3% 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 October 25th          3,887                   59                  68                  12

w/e October 18th          3,888                   53                  72                  27

% CHANGE                    +-0.0%                +11.3%          -5.6%            -55.6%

CLOSED PROPERTIES DATA

                              AVG SALE PRICE     AVG DAYS ON MKT     TOTAL VOLUME   

w/e October 25th       $243,523           138 DAYS                    $16,559,564

w/e October 18th       $244,262           157 DAYS                    $17,586,864

% CHANGE                     -0.3%                 -12.1%                           -5.8%

THEORETICAL TIME TO CLEAR EXISTING INVENTORY (ABSORPTION RATE) -

w/e October 25th - LAST 12 MOS - 14.19   LAST 6 MOS - 10.95  LAST 3 MOS - 10.27

w/e October 18th   - LAST 12 MOS - 14.20   LAST 6 MOS - 11.03   LAST 3 MOS - 10.20

PERCENT OF HOMES SELLING IN 180 DAYS - 

w/e October 25th - 45.36% (UNSOLD - 54.64%) 

w/e October 18th  - 44.50% (UNSOLD - 55.50%)

SOURCE: MIDWEST REAL ESTATE DATA LLC, AREA MARKET SURVEY DATA

Review our Chicago IL Real Estate Stats Pack Archive via BlogChicagoHomes.com. 

Call our Team anytime for current trends in any Chicago Neighborhood or Chicago Suburb!

DEAN & DEAN'S TEAM CHICAGO