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RSS FeedChicago Market Update |
Jan. 23, 2008
Categorized in: Market and Trends
Well we may be starting off a bit slower than in the past, but the forecast is looking promising for many experts.
Here is this week's data supplied from the Chicago Association of Realtors of how many homes have entered the market the period of January 10th through the 16th in 2008 in relationship to previous years.
| 2008 | 2007 | 2006 | ||||||
| UNITS | MEDIAN | UNITS | MEDIAN | UNITS | MEDIAN | |||
| Single Family | 594 | $244,900 | 611 | $289,900 | 492 | $284,900 | ||
| Attached Homes | 958 | $290,00 | 1080 | $299,900 | 937 | $299,900 | ||
| Multi-Family | 368 | $310,000 | 332 | $365,000 | 295 | $339,900 |
Here are the homes that have left the market during this period.
| 2008 | 2007 | 2006 | ||||||
| UNITS | MEDIAN | UNITS | MEDIAN | UNITS | MEDIAN | |||
| Single Family | 72 | $192,500 | 94 | $240,875 | 129 | $220,000 | ||
| Attached Homes | 179 | $316,555 | 242 | $305,000 | 236 | $280,000 | ||
| Multi-Family | 23 | $369,900 | 59 | $350,000 | 83 | $310,000 |
This indicates that we have on average an 8 month supply of homes. Note that this information reflects the area as a whole and is not representational of the individual neighborhoods and subneighborhoods of Chicago.
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