Dollar volume up 21% YTD, down 16% from July

In the first eight months of this year, condo dollar volume has increased 21% compared to 2009. But volume in August was down 16% compared to July.

According to figures generated for ChicagoCondosOnline.com by MRED, the regional MLS, year-to-date sales of Chicago condos through August 2010 are:
* Up 21% in total dollar volume, to $2.3 billion
* Up 20% in units closed, to 7,278
* Down 6% in median sales price, to $262,000
* Down 3% in average market time, to 148 days.

Comparing August sales to July:
* Units closed were down 12%, from 833 to 730 closings
* Dollar volume was down 16%, from $286 million to $240 million
* Median sales price was up 3%, from $255,000 to $263,450
* Average market time was up 6%, from 144 to 152 days

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