January Real Estate Market Report for West Town & Chicago

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The real estate market has been heating up in West Town even as the temperatures dropped in January.  New Listings in the West Town neighborhood decreased 28.3% for detached homes and increased 50.9% for attached properties. Listings Under Contract had no change from last month for detached homes and increased 10% for attached properties.

The Median Sales Price in West Town was $1,075,000 for detached homes and $445,000 for attached properties. Months Supply of Inventory for detached units is at 3.5 months and 1.9 months supply for attached units.

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Chicago Real Estate Report

New Listings in the City of Chicago were down 7.3% for detached homes and up 7.4% for attached properties. Listings Under Contract increased 12.2% for detached homes and increased .6% for attached properties.

The Median Sales Price in the City of Chicago was $207,500 for detached homes and were $332,000 for attached properties. Months Supply of Inventory is 3.4 months for detached units and 2.6 months for attached units.

Amy Pearson

Real Estate Broker

Baird & Warner – Gold Coast

Amy.pearson@bairdwarner.com

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