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.