Downtown Chicago condos for sale in 2nd quarter continue decline, average price rises

The number of condos listed for sale in downtown Chicago last quarter continued to decline from the 3 previous years. 5,877 downtown condos were for sale in April, May and June, down from 6,168 in 2nd quarter 2009, 6,750 in 2nd quarter 2008 and 7,002 in 2nd quarter 2007. The number of downtown condos for sale in 2nd quarter 2010 was down 5% from 2009 and down 16% from 2007.

Quarterly Inventory of DownTown Chicago Condos For Sale 2nd Qtr. 2007 - 2nd Qtr. 2010

Quarterly Inventory of Downtown Chicago Condos For Sale 2nd Qtr. 2007 - 2nd Qtr. 2010

Compared to 2nd quarter 2009 the average downtown Chicago condo price rose 8% from $469,000 to $508,000. Median prices dropped 1% from $350,000 to $348,000.

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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

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