60605 condos & townhouses for sale at 2 year low, down 36% from 2 years ago

The number of condos and townhouses listed for sale in downtown Chicago’s 60605 zip code (roughly the South Loop) reached a 2 year low on the last day of May. There were 145 such homes for sale down 36.4% from 228 at the end of May 2009.

60605 Inventory of Condos & Townhouses For Sale May 2009 - May 2011

60605 Inventory of Condos & Townhouses For Sale May 2009 - May 2011

As shown above, the number of condos and townhouses for sale in 60605 has been dropping fairly steadily since April 2010. Falling inventory is good for sellers since they are competing with fewer other homes for sale. The fact that the inventory of such homes reached a 2 year low in May is especially significant since the number of homes for sale in Chicago is typically at its highest in the spring months.

To see all listed condos and townhouses for sale in 60605 or the South Loop click here now.

Recommend this on Google

ABOUT THE AUTHOR

Fran Bailey Fran Bailey is a Realtor who has been quoted in numerous Chicago and national publications. To schedule showings for any listings, get a free market analysis for your home or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>