For the second consecutive week the number of downtown Chicago homes and condos listed for rent in the MLS hit a new low.
When we began tracking availability in 14 downtown ZIP Codes back in November of 2009, 1,927 units were listed. As of last Friday, that number fell to 683 despite 199 newly-listed units having come to and remained on the market during the preceding 7 days.
We continue to hear that attractively-priced units are renting almost immediately, and that demand remains strong.
You can see all of our data, by date and ZIP code, in this Google Docs spreadsheet.