Chicago condos for sale down over 26% in 2nd quarter

The inventory of listed Chicago condos for sale continues to drop.* There were 14,676 condos for sale in the second quarter down 26.3% from second quarter 2011 when there were 19,901 condos for sale.

The median sale price stayed the same at $242,000. The number of closed sales was up 26.3%. Pending sales were up 41%. The average days on market for pending sales was down 15%.

Chicago Condos For Sale 2nd Qtr. 2009 - 2nd Qtr. 2012

Chicago Condos For Sale 2nd Qtr. 2009 - 2nd Qtr. 2012

As shown above the inventory of Chicago condos for sale is at a 3 year low. Typically, the inventory rises in the 2nd quarter as part of the spring market.

Email Fran for more information on Chicago condos for sale.

CHICAGO CONDOS FOR SALE

Click below to see the Chicago condos for sale in your desired price range.

$3M & Above$2M to $3M$1.5M to $2M$1M to $1.5M
$900K to $1M$800K to $900K$700K to $800K$600K to $700K
$500K to $600K$400K to $500K$300K to $400K$200K to $300K

To see downtown Chicago, Lincoln Park and Lakeview condo reviews and what’s for sale in those buildings see DOWNTOWN HOMES FOR SALE and LAKEVIEW & LINCOLN PARK HOMES FOR SALE above in the right column.

* includes co-ops and townhouses

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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