The city saw a 30% increase in single family homes last quarter of the previous quarter, and the increase was consistent across the top 20 neighborhoods I track in Chicago Housing Quarterly market report. Condo and townhome sales increased 25% over last quarter.
Of the top 20 neighborhoods:
While sales are expected to increase in the third quarter of any year, the effect was certainly more pronounced in 2011.
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.