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, in the early part of 2010 it
had improved over the previous year despite higher absolute levels
home inventory. However, as in most Chicago neighborhoods, the months
of supply of 2- 3
bedroom condos rose once the tax credit expired. Condo inventory
substantially improved throughout 2011 but it's still very high by
Meanwhile, the number of days that homes remain on the market has actually drifted up quite a bit over the
last 2 years but is still lower than most other areas of Chicago. Recently the market times have matched last year's levels.
Note that the MLS changed their methodology for reporting market times, affecting data since October 2007.
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