ChitownLiving | Chicago Real Estate + Life

The other day a client of mine emailed me and asked me about days on market for sold properties in Lincoln Park for January. Sitting at my computer I pulled up the system I use to access the MLS. I ran a quick report and discovered the number was 145 days. I [...]

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Chicago real estate stats for July are posted.  As mentioned in an earlier post, I have incorporated some new charts.  Click on a chart to request a more detailed report for a specific zip code.

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Statistics for a number of Chicago area zip codes appear below.  Check here to see how the zip codes relate to Chicago’s 77 Community areas.

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Chicago Single Family Homes

 

I am in the process of implementing real-time real estate market statistics to supplement my own home grown Chicago real estate market stats.  Some kinks to work out but check back as more neighborhoods and property types (condo/townhome) are rolled out.

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Chicago real estate stats for June are finally posted. For all the media talk of gloom and doom check out median and average prices. What’s up, and I mean up, with that?

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The Market Stats page is down. Why you ask? I have no idea, but can only imagine my host must have made a change as I haven’t. Will look into it in the coming week. Update… Fixed. Issue caused by person between chair and keyboard. How dare I point the finger.

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Chicago real estate stats for May are posted.

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Chicago real estate stats  for April are finally posted.  Better late than never.  Some quick comments:

Attached sales volumes are fairly flat at 1,648 in April 2006 vs. 1,674 in April 2007.  Median prices are up slightly from $301,600 to $312,500.
Detached sales volumes are down slightly at 180 in April 2006 vs. 166 in April 2007.  Median prices are up from [...]

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Chicago real estate market statistics for March are now available.  I am swamped so can’t promise any detailed commentary.  Some tidbits for you to chew on however…

Despite the rising inventory, contracts seem to be rising in relation to available inventory.  See the available to under contract ratio.
Absorbtion rate is very high at 9.2 months but this is [...]

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Positive real estate news today in the form of a little .7% increase in the Pending Home Sales Index (PHSI) from January to February, a better than expected number, a surprise according to some. In fact, the news contributed to a move in the stock market. To get some perspective, think [...]

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Chicago real estate market statistics for February are now available.  Commentary to follow.

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Received the following email question the other week:
Love your Chicago market stats but why does it take you so long to post them each month?
A few reasons.  First, I prefer to wait for closings to settle each month before generating stats.  Just like a large corporation reporting financials, there is a delay between the actual [...]

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Long day equals short post.  Early evidence suggests that Chicago Real estate inventory is starting to be absorbed.  Check out the most recent Available to Under Contract Ratio.

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Chicago real estate market statistics for January are now available.  Year over year data is now available which is fantastic as trends can now be viewed over the long term. Still a healthy amount of inventory out there, 10,775 units, about a 7.2 month supply.  January showed 4,138 new units coming onto the market as opposed to 3,957 in [...]

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Hello 2007!  I’ve been in hibernation for the past few weeks, taking some vacation, wrapping up 2006, and planning for 2007.  Hence the light posting. In any case, December market statistics for North Central and North East Chicago are available on the Market Stats section of the site.  Year end commentary will follow but I wanted to make these available.

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November market statistics for North Central and North East Chicago are available on the Market Stats section of the site. Big yawn for market statistics.  Looking at the charts, both average sold price and median sold price have held fairly steady year to date.  The big story is transaction volume.  We had 21,175 closings through November ’05 [...]

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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.  In addition, charts will be tweaked as I get a better feel for which stats add insight. [...]

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There is no better way to get a feel for the bloated housing inventory levels than to stroll around your neighborhood on a Sunday.  I will warn you though, you may suffer whiplash looking at all the open house signs on the street corners.  Despite the high inventory levels, according to a recent New York Times article (free access but login [...]

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The National Association of Realtors recently released their 2006 Chicago Home Price Analysis Report.  Data in the report is through July 2006.  Topics in the report include:

The health of the local job market
The prevalence of “nontraditional” home financing options
Debt-to-income ratios
Net migration patterns

Just posting a link to the report for now, but hope to provide some commentary [...]

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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 [...]

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