February Market Update 2016

In the video above we discuss national real estate trends including low inventory levels, where prices are heading, and some things to consider if you are thinking of selling or buying. See the charts below for sales prices and inventory trends in Chicago's downtown neighborhoods.

 

Near South Side

  Median Sales Price Change YoY Months Supply of Inventory Change YoY
Attached $360,000 -4.0% 3.1 -3.1%
Detached $1,550,000 +50.9% 1.7 +70%

 

Loop

  Median Sales Price Change YoY Months Supply of Inventory Change YoY
Attached $346,500 +0.4% 4.7 +4.4%

 

Near West Side

  Median Sales Price Change YoY Months Supply of Inventory Change YoY
Attached $327,750 +3.6% 2 -23.1%
Detached $339,500 -1.0% 6.1 -14.1%

 

Near North Side

  Median Sales Price Change YoY Months Supply of Inventory Change YoY
Attached $400,000 +3.2% 4.4 -4.3%
Detached $2,231,250 -1.6% 14.9 +29.6%

Terri Buseman

Your Real Estate Partner

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Visit: TerriBuseman.com

Cell: 312 208 5166

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Comment balloon 0 commentsTerri Buseman • February 16 2016 01:56PM

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