Chicago Relocation
 

John Irwin’s Jan. 2012 State of the Chicago Market Report

February 14, 2012

Blog Author Image
John D’Ambrogio

 

Colleague John Irwin’s Chicago Real Estate Notes blog has a great overview of the Chicago market, citing many positive trends.

See the chart below for activity on some of Chicago’s hottest neighborhoods:

Jan-12 Jan-11 % +/-
Unit Sales – Total 267 233 14.6
Lakeview 69 53 30.2
Lincoln Park 53 46 15.2
Near North 111 109 36.0
Loop 34 25 36.0

 

Perhaps an even more positive set of statistics show market time for those same neighborhoods:

Inventory (Months Of Supply) 7.0 14.1 -50.4%
Lakeview 7.0 14.8 -52.5
Lincoln Park 6.9 13.8 -50.1
Near North 7.2 14.4 -50.4
Loop 6.7 12.6 -46.7

John’s source is:  MREDLLC  (Numbers reflect only properties listed in MLS of Northern Illinois).  Great insights, we look forward to more good news.

let's hope this bean helps bring a housing recovery

 Let’s hope this bean represents the seeds of a housing recovery for the windy city!