Six Month Chicago Condo Sales Statistics for 2010

In the first six months of 2010, Chicago condo sales have dramatically increased compared to the first half of 2009. And June closings were up 26% over May.

According to figures generated by MRED, the regional MLS, year-to-date sales of Chicago condos through June 2010 are:

  • Up 42% in total dollar volume, to $1.8 billion
  • Up 45% in units closed, to 5,630
  • Down 6% in median sales price, to $263,700
  • Down 6% in average market time, to 148 days.

Comparing June sales to May:

  • Units closed were up 26%, from 1,083 to 1,365 closings
  • Dollar volume was up 27%, from $341 million to $434 million
  • Median sales price was up 2%, from $264,900 to $270,000
  • Average market time was flat, at 144 days

What’s your chicago condo worth?

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