City sales volume and median selling prices are down across a wide swath of neighborhoods, second-quarter sales data show.
Citywide, condominium sales volume was 21% below the same period last year, and it was lower in 18 of the 20 neighborhoods I track. Single family sales volume was lower than in 2Q 2010 in 15 of 20 neighborhoods.
Median selling prices of condominiums citywide were down 16% from 2Q 2010, a decline seen in 13 of 20 neighborhoods (two more had less than a 1% increase). For single family homes, the median price in the city was 6% below the same figure a year ago. Again, 13 of 20 neighborhoods saw a decline over a year ago.
Click either of the charts above to view a larger version.
Jeff Baird is a real estate valuation consultant based in Chicago. He founded Lakeshore Analytics to bring comprehensive, understandable housing data and analysis to Chicago-area readers. The site features a blog with free market news and charts, summary data on 20 top neighborhoods, and quarterly data subscriptions.
Both charts show data for single family homes in the Loop. Where are there homes in the Loop that aren’t condos or townhouses?
Not sure if it’s technically the loop but there are some on State just south of Roosevelt.