Found 1 blog entry tagged as Chicago housing market update.

Chicago condos dataThe Chicago housing and condo market continues to grow due in part to limited inventory, high demand and consistent activity. According to recent data analysis from the Illinois Association of REALTORS®, the nine country Chicago Primary Metropolitan Statistical Area saw sales of condos and single-family houses up 9.6 percent in October on a year-over-year basis.

Taking a more focused look at the data, we see that Chicago itself continued to see a steady rise in home sales and prices with a 7.5 percent year-over-year increase in home sales in October and a 24.9 percent increase in median home prices over that same period of time.

What this means is that demand is still very high for new condos in the greater Chicago area. With inventory low, this…

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