Best Source for Chicago Condo Market Data

For the most-comprehensive, reliable and up-to-date statistics on the Chicago condo market, visit Market Overview on ChicagoCondosOnline.com, "The Ultimate Condominium Resource."

Updated the first week of every month, this overview provides year-to-date, year-over-year and month-over-month statistics from the official source: the database of Midwest Real Estate Data (MRED), the multiple listing service for Chicago and all of northern Illinois.

The data include median sales price, new listings, actives, closings, total dollar volume, average market time and supply.

Among the unique features of Market Overview are three interactive maps showing 2008 sales and median price in all 77 of Chicago's areas (neighborhoods).

The map below, for example, shows where each area ranked in sales and median price in 2008 and links users to an in-depth profile of each area. (To see how an area ranks, place your cursor over the area and look in the box at the lower left corner.)



Sample tables from the current Market Overview:

Year Over Year (April 2009 – April 2008)

Category	April 2009	April 2008	Change
Closings	645	1,148	-44%
% Condo Closings	47%	62%	-24%
Median Sales Price	$280,000	$320,000	-13%
Avg. Days on Market	161	123	+31%
New Listings	2,825	4,464	-37%
Supply	12.4 months	9.4 months	+32%
Total sales volume	$202 mil	$441 mil	-54%

Month Over Month (April 2009 – March 2009)

Category	April 2009	March 2009	Change
Closings	645	563	+15%
% Condo Closings	47%	47%	+0%
Median Sales Price	$280,000	$280,000	+0%
Avg. Days on Market	161	157	+3%
New Listings	2,825	3,155	-10%
Supply	12.4 months	12.7 months	-2%
Total sales volume	$202 mil	$187 mil	+8%

The widget below, updated each month, shows year-to-date statistics. (To display this widget on any Web site or blog, send your request for the code to Ric14@ChicagoCondosOnline.com.)



To receive a monthly update on Chicago's condo market by e-mail: Send your request to Ric14@ChicagoCondosOnline.com.