Dollar volume up 7% YTD, down 19% from September

In the first ten months of this year, city condo dollar volume has increased 7% compared to 2009. But volume in October was down 19% compared to September.

According to figures generated for ChicagoCondosOnline.com by MRED, the regional MLS, year-to-date sales of Chicago condos through October 2010 are:
* Up 7% in total dollar volume, to $2.7 billion
* Up 5% in units closed, to 8,571
* Down 5% in median sales price, to $259,900
* Flat in average market time, to 149 days.

Comparing October sales to September:
* Units closed were down 19%, from 698 to 563 closings
* Dollar volume was down 15%, from $194 million to $165 million
* Median sales price was up 5%, from $229,000 to $240,000
* Average market time was up 5%, from 149 to 156 days

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