Single Family Home sales on Chicago’s north side are looking better all the time. In June, 79 homes closed on Chicago’s north side*, a steady increase over the previous month, and up 84% over June 2009.
Median prices declined this month- down 7% vs the previous month (May ’10) and -16% vs June 2009.
Inventory levels continue to decline. Based on 79 units closed per month and active single family homes of 610, it would take 7.7 months to absorb the current inventory. This is the healthiest inventory we have seen in a long time, and indicates that we could be nearing the bottom of the drop.
For information on how you can capitalize on this current market, contact Anne Rossley at Prudential Rubloff.
- National Association of Realtors Existing Home Sales
- National Association of Realtors Pending Home Sales