Friday, May 8, 2009

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, "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)

CategoryApril 2009April 2008Change
% Condo Closings47%62%-24%
Median Sales Price$280,000$320,000-13%
Avg. Days on Market161123+31%
New Listings2,8254,464-37%
Supply12.4 months9.4 months+32%
Total sales volume$202 mil$441 mil-54%

Month Over Month (April 2009 – March 2009)

CategoryApril 2009March 2009Change
% Condo Closings47%47%+0%
Median Sales Price$280,000$280,000+0%
Avg. Days on Market161157+3%
New Listings2,8253,155-10%
Supply12.4 months12.7 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

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

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