Dollar volume up 2% YTD, down 4% from October

In the first eleven months of this year, city condo dollar volume has increased 2% compared to 2009. But volume in November was down 4% compared to October.

According to figures generated for ChicagoCondosOnline.com by MRED, the regional MLS, year-to-date sales of Chicago condos through November 2010 are:
* Up 2% in total dollar volume, to $2.9 billion
* Up 0.2% in units closed, to 9,133
* Down 5% in median sales price, to $257,000
* Up 1% in average market time, to 150 days.

Comparing November sales to October:
* Units closed were down 5%, from 563 to 535 closings
* Dollar volume was down 4%, from $165 million to $159 million
* Median sales price was down 9%, from $240,000 to $218,000
* Average market time was up 6%, from 156 to 166 days

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