Back in August I wrote about how inventory levels for Chicago mansions had been rising. That changed in the 3rd quarter of 2012 when the number of listed Chicago mansions for sale dropped 13.3% from a year earlier.* In the 4th quarter the drop was 23.1%.
View all Chicago Luxury Homes For Sale
There were 40 single family homes with a minimum of 8,000 SF for sale in Chicago in the 4th quarter compared to 52 a year earlier. The drop inventory can be at least partially attributed to rising sales. In the 3rd quarter the number of Chicago mansions sold was 6 which was double the number a year earlier. In the 4th quarter sales were up 66.7%.
CHICAGO MANSIONS FOR SALE
|$5M+||$3M - $5M||$1M - $3M||$1M & Below|
DOWNTOWN CHICAGO LUXURY CONDOS FOR SALE
Click below to see the downtown Chicago luxury condos for sale in your desired price range.
|$5M & Above||$3M to $5M||$2M to $3M||$1.8M to $2M|
|$1.6M to $1.8M||$1.4M to $1.6M||$1.2M to $1.4M||$1M to $1.2M|
*Information is based on data from Midwest Real Estate Data (MRED).