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News & trendsMarket conditions

Prices down, but wealthy neighborhoods avoided roller coaster

Lakeshore Analytics graphic

It’s been a wrenching few years to watch price and volume movements in many of Chicago’s neighborhoods. These metrics are prone to doing strange things even in ordinary times. I track 20 Chicago neighborhoods with the most sales volume on a quarterly basis. In some neighborhoods, this adds up to only a couple dozen sales ...

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Posted by Jeff Baird on November 12, 2012
News & trendsMarket conditions

Home prices – a welcome V shape in some neighborhoods

Lakeshore Analytics graphic

Several neighborhoods that had seen a steep decline in median selling prices in recent quarters saw an equally steep rise last quarter. The effect was present mostly in single-family homes. Three examples are Near South Side, Edgewater and Rogers Park. The median selling prices of Near South Side houses had fallen 44% between Q3 2011 ...

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Posted by Jeff Baird on November 9, 2012