Dollar volume down 28% YTD, up 55% from February

In the first three months of 2011, city condo dollar volume dropped 28% compared to the same period of 2010. But, volume in March was up 55% compared to February.
According to figures generated for ChicagoCondosOnline.com by MRED, the regional MLS, YTD sales of Chicago condos through March 2011 are:

* Down 28% in total dollar volume, to $469 million
* Down 14% in units closed, to 1,756
* Down 26% in median sales price, to $189,000
* Up 23% in average market time, to 185 days.

Comparing March sales to February:
* Units closed were up 38%, from 508 to 703 closings
* Dollar volume was up 55%, from $127 million to $196 million
* Median sales price was up 8%, from $182,500 to $197,700
* Average market time was down 8%, from 197 to 182 days.

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

Dollar volume down 36% YTD, down 8% from January

In the first two months of 2011, city condo dollar volume dropped 36% compared to the same period of 2010. Volume in February was also down 8% compared to January.
According to figures generated for ChicagoCondosOnline.com by MRED, the regional MLS, YTD sales of Chicago condos through February 2011 are:

* Down 36% in total dollar volume, to $226 million
* Down 5% in units closed, to 1,039
* Down 31% in median sales price, to $177,000
* Up 30% in average market time, to 186 days.

Comparing February sales to January:
* Units closed were down 2%, from 517 to 508 closings
* Dollar volume was down 8%, from $138 million to $127 million
* Median sales price was up 3%, from $177,000 to $182,500
* Average market time was up 12%, from 176 to 197 days.

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

Dollar volume down 27% YTD, also down 49% from December

In the first month of 2011, city condo dollar volume dropped 27% compared to January 2010. Volume in January was also down 49% compared to December.
According to figures generated for ChicagoCondosOnline.com by MRED, the regional MLS, YTD sales of Chicago condos through January 2011 are:

* Down 27% in total dollar volume, to $138 million
* Down 6% in units closed, to 517
* Down 34% in median sales price, to $177,000
* Up 26% in average market time, to 176 days.

Comparing January sales to December:
* Units closed were down 29%, from 725 to 517 closings
* Dollar volume was down 49%, from $268 million to $138 million
* Median sales price was down 18%, from $215,000 to $177,000
* Average market time was up 8%, from 163 to 176 days.

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

Dollar volume for city condos flat for '10 vs. '09

In 2010, city condo dollar volume has remained flat compared to 2009. But volume in December was up 69% compared to November.

According to figures generated for ChicagoCondosOnline.com by MRED, the regional MLS, sales of Chicago condos through December 2010 compared to 2009 are:
* Flat in total dollar volume, at $3.1 billion
* Down 2% in units closed, to 9,887
* Down 6% in median sales price, to $255,000
* Up 3% in average market time, to 151 days.

Comparing December sales to November:
* Units closed were up 36%, from 535 to 725 closings
* Dollar volume was up 69%, from $159 million to $268 million
* Median sales price was down 2%, from $218,000 to $215,000
* Average market time was down 2%, from 166 to 163 days

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