ChitownLiving | Chicago Real Estate + Life

For more definition of the data and charts refer to my first statistics post, Aug 2006 Market Trends.  Apologies as some of the data is a bit limited right now, but should improve as more readings are taken over time. Available Inventory:  August vs. September - The chart below presents available inventory at the end of August vs. at the end of September.  The chart below indicates a 10% increase in available inventory from the end of August to the end of September.  At the end of August 11,176 listings were available vs. 12,328 at the end of September.  About 6.6 months of inventory to work through at present. Inventory:  Sold vs. New - The chart below represents sales vs. new listings during August and September.  New listings entering the market remain fairly flat. 2006 Available to Under Contract Ratio - In this chart we compare the relationship between all available listing inventory (ACTV, BOMK, NEW, PCHG, RACT) to all under contract inventory (CTG, PEND) over time.  Have to see if we have reached a peak here at just over 2.5. 2006 Available vs. Under Contract vs. Sold - The chart below plots all available, all under contract, and weekly closed listings.  Available listings averaged about 12,000 over the last 5 weeks.  This is a lot.  Under contract listings remaim flat and averaged about 5,000 over the past 5 weeks.  Closings clip along averaging 419 per week over the past 5 weeks. Other Fun Stats - The table below displays some common market statistics at a glance.  Check back as the table is updated monthly.  Note:  Statistics are subject to error.  Crunch your own numbers, draw your own conclusions.