January 2017 Minton’s Monthly

Newly Released Monthly and 3rd Quarter Sales Data

Newly released monthly and 3rd Quarter sales data show activity declines and price gains for Chicago single-family homes and condos
 
Compare this October 2016 to last October 2015

 
·  Sales are down 8.8% – 1,981 units compared to 2,173
 
·  Median prices are up 9.2% – $262,000 compared to $240,000
 
·  Days on Market is down 14.3% – 42 DOM compared to 49 DOM
 
·  Inventory is down 11.7% – 9,042 units compared to 10,237
 
Compare 2016 Third Quarter to 2015 Third Quarter
 

·  Sales are down 3.2% – 7, 932 units compared to 8,197
 
·  Median prices are up 1.9% – 275,000 compared to $270,000
 
·  Days on Market is down 9.1% – 40 compared to 44
 
 
It’s clear there is a slowdown. As a seller or buyer, is it clear what you are going to do about it?
 
Call me to discuss your real estate goals for 2017. It’s never too early to plan.
 
Go a step further and share this Minton’s Monthly with your colleagues, friends, family members looking to sell or to buy.
 
Knowledge gives advantage.

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