Chicago Neighborhoods > North Center Housing Market

North Center is not a huge condo market so there is a great deal of variability in the months of inventory as sales fluctuate. Through a large part of 2009 condo inventory in North Center was running considerably higher than 2008. However, lately it has improved considerably over the previous year despite higher absolute levels of home inventory. However, as in most Chicago neighborhoods, the inventory of 2- 3 bedroom condos rose once the tax credit expired. As of July 1 it is running at about a 13 month supply, which is actually higher than last year at this time.

Meanwhile, the number of days that homes remain on the market has actually drifted up slightly over the last 2 years but is still lower than most other areas of Chicago.

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