MLS-listed downtown rental market remains strong

View from Harbor Point, Chicago IL

When we first began tracking the inventory of MLS-listed rentals in 15 downtown ZIP codes, in November of 2009, there were 1,927 units available for rent. A month later that number had fallen to 1,760, and by year-end 2010 it plummeted to 1,104, down 43% from November of 2009 and 37% year-over-year.

There are currently 748 downtown homes, apartments and condos listed for rent in the MLS, a 32% decline from the 2010 year-end level, and a modestly higher number than the low point of 717 units, which was reached in July of this year.

You can see all of our data, by date and ZIP code, in this Google Docs spreadsheet.

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