October Market Statistics Update – good news

3 11 2009

After sales decreases in both August and September, Lakeview, Lincoln Park, Near North and the Loop rebounded in October in almost every category.

UNIT SALES – Overall residential sales for the combined area rose from 417 units in September to 470 units in October or 12.7%

Lakeview increased 10.6% from 122 in September to 135 in October

Lincoln Park fell 21.0 % from 95 in September to 75 in October

Near North increased 26.7% from 153 in September to 194 in October

The Loop increased 40% from 47 in September to 66 in October

UNITS UNDER CONTRACT – For the month of October 518 units went under contract as opposed to 459 units in September or 12.8% increase

INVENTORY - Weeks of supply for the combined area dropped from 11.9 in September to 10.0 in October or 15.9%

PRICING – Median Prices rose from 330,000 in September to 363,000 in October or 9%.

Please click on the market statistics tab above for more detailed, printable reports


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