Found 3 blog entries tagged as Chicago home prices.

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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Chicago condo prices

There’s excellent news for Chicago condo owners! Prices for Chicago condos continue to spike as the overall real estate market continues to find stable footing once again. In March and April, the Chicago real estate market saw double-digit increases in home sales year-over-year, not to mention a favorable increase in median prices to boot.

Buyers seem to be frantic to take advantage of the historically low interest rates that are the talk of the town when it comes to purchasing Chicago real estate right now. March saw a 13.8% increase in the sale of single-family homes and Chicago condos versus one year earlier, according to the Illinois Association of Realtors. This tend contineud in April with an increase of 22% in the sale of single-family homes…

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Housing is back !  


Money Magazine says Housing is back2012 showed signs that the housing market in Chicago was regaining its health. There is no doubt after first quarter of 2013 that housing is back. So where is the market headed in terms of pricing? Every analyst has upgraded their expectations on future projections because the market is gaining momentum faster than originally predicted.

Medium prices for sold condos under 1M in the downtown Chicago condo market for the month of April was $343,000, up 8% over March 2013 and up 22% over April 2012. Total sold units were 713 units in April compared to 548 units in March. In March of 2012 closed units were 510.

Medium prices for sold condos above 1M in the downtown Chicago condo market for April was $1,340M which was actually down…

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