Chicago Market Report:
The 2 bedroom condo sales facts are in for the Near South Side for the month of November 2015.
The housing price ranged from $230,251 on the low end to $550,250 on the high end. The average sold price was $410,838 with the median sold price at $389,750. Two bedroom condos on average sold in 74 days and sold for 99% of their listing price.
The two numbers that stand out are the number of sales (18) versus the number of active listings (90). Although there is a disparity in sold condos versus condos for sale, sellers are getting almost the full asking price. This data emphasizes the importance of being listed at the right price as buyers have an abundance of properties to pick from.
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