Chicago Neighborhoods > Logan Square Housing Market

Logan Square Housing Market

The Logan Square real estate market became horrible right after the tax credit expired, with inventory levels approaching a 3 year supply at times. Although it's recently improved October 2011 condo inventory levels are still considerably worse than 2009. Yeah, absolute inventory levels are down but so are contract volumes - and by a lot more.

Logan Square is another neighborhood where market times have been fairly steady over the last couple of years. However, in January 2010 there was a large drop but that  merely reflected that a few listings with really high market times either sold, expired, or were cancelled (mostly the latter two). But since then there appears to be an upward climb to longer market times once again.