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
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.
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.
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