Chicago Neighborhoods > Lincoln Square Housing Market

With only a couple of dramatic exceptions, the last year in Lincoln Square has been a lot better than the previous year. Looking at 2 -3 bedroom condos, home inventories in Lincoln Square have come back down to earth. The sales rate has been a lot higher and absolute inventory levels have been only slightly higher. However, June inventory levels were up again because of the lower contract activity after the tax credit expired, and this could just be the beginning, but compared to other neighborhoods a 9 month supply is not that bad.  Beware of drawing too many conclusions from the occasional absurd levels reached during the November/ December time periods. Sales rates are so low in Lincoln Square during those months that the numbers are basically meaningless.

There was a clear upward trend in market times for Lincoln Square until about January of 2009, peaking at around 300 days. Since then market times have dropped back to around 250 days.

Note that the MLS changed their reporting methodology for market times, affecting data back to October 2007.