Market Update

Stats from the Chicago Association of Realtors, for the week of April 18-24th.

Chicago condo sales (closings):
2006 units/median price
450/$293,875
2007 units/median price
445/$297,000
2008 units/median price
265/$322,000

Chicago condo sales (listings):
2006 units/median price
1080/$284,900
2007 units/median price
1367/$300,000
2008 units/median price
974/$299,900

So closings are way down from the same week last year. The good news is that the number of listings is down as well; we need to burn through some of this inventory so that our market can really kick back into full gear!