Chicago Neighborhoods > West Town Market

West Town Housing Market

After a brutal winter, spring, and summer in 2009 West Town's condo inventory (2 - 3 bedrooms) had been declining substantially, with April 2010 levels much better than the previous year. This improvement was clearly due to higher contract activity from the tax credit. However, once the tax credit ended condo inventory skyrocketed above the previous year's level but has since recovered substantially. For 2011 we are actually seeing better inventory levels than many of the months in 2010 - especially June of course. West Town condo inventory is slightly lower  than the average Chicago neighborhood right now and it's lower than any October since we've been tracking it.

During most months of the year West Town market times hover around 120 days, which is fairly typical of a Chicago neighborhood. And in the last 2 years the market times have been on a steady, gradual decline.