Monday, March 3, 2008

Chicago Condos: Unit sales down 24%, median price up 12%

Below is the monthly market report for city condos, for February. Statistics obtained from the Multiple Listing Service of Northern Illinois and compiled into this handy report by our friends at Chicago Condos Online.

Year-to-date, units closed are down 24%. (In January, they were down 36%, so the market is picking up significantly.) With median sales price up 12%, total sales volume is down by only 8%.

Comparing February '08 to February '07, units sold are down 13%. Median sales price is up 13%.