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.
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