Market Update for Week of January 24th-30th

Posted at 4:17 AM, Feb. 6, 2008

   Here is the market update for the Chicago area.  Note that this is neither neighborhood or sub-neighborhood specific, nor does it encompase all properties.  Please consult a local real estate professional for a more accurate analysis.

Chicago Listings for January 24th - 30th

	Units	Median
Single Family Homes	485	$257,000
Condos	824	$309,000
Multi Family Homes	310	$298,000

In comparison value to date from 2007 we have a drop of 8.5% for Single Family Homes, Condos, no change, and in Multi-Family dwellings a decrease of 13%.

Chicago Sales for January 24th - 30th

	Units	Median
Single Family Homes	83	$218,000
Condos	208	$322,914
Multi Family Homes	310	$279,900

Here we have a decrease in value of Single Family Homes by 12.5%, Condos increased in value 17% and Multi-Family dropped by approximately 15%.

Partial data is courtesy of the Chicago Association of Realtors.