Below is the exclusive Chicago Condo Market Indicator for subscribers to ChicagoCondosOnline.com.
Highlights:
Sales of condos, which represent 59% of all residential sales in Chicago, were down 14% in November 2006 compared to November 2005.
New listings were up 2% compared to November 2005.
Average market time was up 11%, to 99 days. For a more-detailed report on the condo market, including month-over-month statistics, showing how the market changed from October to November, go to ChicagoCondosOnline.com. When the sign-in page appears, in the upper left-hand corner, click Market Overview.
source: Ric Cox, President & CEO
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