Chicago Neighborhoods > Edgewater Housing Market

After skyrocketing in the late summer of 2008 and continuing through February 2009, Edgewater's condo inventory has settled down dramatically. The chart below shows that Edgewater's inventory of 2 - 3 bedroom condos is now running at almost 1/2 the supply of last year thanks to a surge in the number of contracts.

Consistent with this sales surge we've seen a dramatic decline in the average days on the market, from a peak of 350 days to 150 days. The surge in sales is clearing out the inventory backlog.

Note that the MLS changed their reporting methodology in October, 2007.