Chicago, IL - South Loop March 2016 Market Snapshot

By
Real Estate Agent with Berkshire Hathaway HomeServices Koenig Rubloff Realty Group - Chicago, IL

 

Chicago, IL South Loop March 2016 Market Snapshot

 

 

 

There were 114 condo sales in Chicago's South Loop,

(zip codes 60605 and 60616), during March 2016.

The average sales price was $360, 724 and on average

sold at 100% of asking price. The average market time was 104 days.

Chicago, IL South Loop Market Snapshot  March 2016

 

At the end of March 2016, there was a 3.1 month supply of condos on the market in the South Loop.

Chicago, IL South Loop MSI March 2016

 

That remains virtually unchanged from the same time last year.  March 2015 ended with a 3.4 month supply of condos on the market.

Chicago, IL South Loop MSI Mar 2015

 

Buyer interest in South Loop condominiums remains strong. Top reasons include proximity to downtown, a care-free and “car” free lifestyle and an abundance of nearby shopping, dining and recreation spots.

 

 

Visit my website to search and compare condos for sale and for information on finance and costs.

 

 

 

 

 

Data in this market snapshot is derived from our local Multiple Listing Service, Midwest Real Estate Data,(MRED). This report may not include all sales condo sales in Chicago's South Loop neighborhood. 

Posted by

  

 

Karen Winters, Broker Associate
Berkshire Hathaway HomeServices
KoenigRubloff Realty Group
1800 N Clybourn, 2nd Fl
Chicago, IL  60614
Office:    312-268-2753
Mobile:  312-725-4498

Email:  kwinters@koenigrubloff.com

Website: ChicagolandCondosandHomes.com

Join me on Facebook at Facebook.com/ChicagolandCondosandHomes.com

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Topic:
Real Estate Market Trends
Location:
Illinois Cook County Chicago
Groups:
The Single Home Buyer and Seller
Advice for Sellers
Advice for Buyers
2016 Market Reports

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Rainmaker
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I love seeing what other areas have in the way of prices and stats.  Thanks for sharing!

May 01, 2016 04:15 AM #1
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Rainmaker
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Karen Winters, Berkshire Hathaway HomeServices KoenigRubloff

Chicago, IL
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