Last month, single family home sales on Chicago’s north side rose 144% over Feb ’09 sales, but this is still only 54% of units closed in March 2008.  The 39 units closed represent almost an 18 month inventory, as today’s single family listings are  689.

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These March units closed (39) represented a median sales price of $ 850,000, off 22% from March 2008 and down 13% vs the 2008 annual median sales price.

chicago-single-family-home-prices-2005-to-present

Statistics are taken from MRED Multiple Listing Service

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