Found 1 blog entry tagged as Chciago condo market.

Chicago condo marketMarch and April were impressively busy months for the Chicago real estate market, with both single-family homes and Chicago condos selling in record numbers. In fact, it was the busiest month on record since 2008.

In addition to an uptick in overall sales, prices of Chicago condos and homes also increased. The median price climbed 9% during the month of March and 10.4% in April versus one year earlier according to the Illinois Association of Realtors. This marks the seventh consecutive month that median home prices rose on a year-over-year basis in Chicago. This news is just the latest bright spot for the Chicago condo market that continues to recover in the wake of the housing crisis.

Inventory issues remain an issue for upper-crust Chicago condos…

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