YTD condo closings up 55% over 2009

In the first four months of this year, powered by foreclosures, short sales and government subsidies, condo sales have dramatically increased compared to 2009.

According to figures generated for ChicagoCondosOnline.com by MRED, the regional MLS, year-to-date sales of Chicago condos through April 2010 are:
* Up 48% in total dollar volume, to $988 million
* Up 55% in units closed, to 3,110
* Down 7% in median sales price, to $260,000
* Down 4% in average market time, to 152 days.

Comparing April sales to March:
* Units closed were up 12%, from 923 to 1,030 closings
* Dollar volume was up 13%, from $290 million to $328 million
* Median sales price was up 4%, from $259,000 to $270,000
* Average market time was down 4%, from 161 days to 154 days

For details on month-over-month and year-over-year, click here. For previous market reports, click here.