Housing Statistics
The Housing Statistics for real estate in the Chicago area can easily be found by going to your local real estate company. Each real estate firm has access to all the information from their Multiple Listing Service. It’s important when buying or selling apiece of Chicago real estate to know everything there is about market conditions. By having the Housing Statistics, you’ll find information on active real estate, pending real estate off the market real estate, and most important, closed real estate.
The closing portion of the housing statistics will give you actual prices people went forward with in buying their real estate. This matters because this is real. This is black and white. There is no guessing price. This will ultimately help you decide if the property you are looking at is worth it. Are you overpaying for it? Could you sell the property at a higher price? You really need to be aware of closing information to be able to determine moving forward on any type of real estate.
Housing Statistics will also give you demographics of an area. It will break down the amount of people living in an area along with their income levels. It will let you know what the race of an area is and owners versus renters in the area. It can help you in so many ways that it becomes one of the most essential parts of any real estate transaction. Buying a condo, selling a condo, financing a condo or just plain renting a condo, the housing statistics will help you determine answers to questions that you’ll need before you move.
Condominium purchasing is serious business. You’ll spend more money on housing than just about anything else in life. Be smart about it and take the time out to review all the housing statistics. Each area is different and with it will come a whole different set of numbers and facts. There are condo towers, condo complexes and small four unit condominium conversions. You need info on all this. Housing statistics will help.
See a local Realtor today before moving forward on any real estate purchase and ask them to provide you with all the real estate housing statistics they can find. You’ll be glad you did.
2008 Chicago Condos Sold
Below is a list of Chicago area Condos sold in 2008 from the Northern Illinois Multiple Listing Board. We only broke down the areas that had the most condos closed in them. If you see an area that is not on the list and would like more information about it, please call us at your earliest convenience.
 
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Chicago Condo Statistics
If you're wondering how 2007 stacks up to other years regarding the total number of homes sold nationwide, here's a statistic you probably won't see in the media: It's in the Top Five.
That's right. When the last of the 2007 sales numbers are in, probably sometime in January, 2008, the National Association of Realtors (NAR) estimates 5.67 million homes will have sold this year, making it the fifth largest volume since record keeping began.
NAR predicts a slight increase for 2008, and then a quickening of the sales pace for 2009. Many analysts who are independent of the real estate industry are making similar forecasts.
As for Chicago-area sales of condos, the number sold in the third quarter of 2007 was 11,746, down from 14,193 during the same period of 2006. However, the median condo price was up almost five percent over that same period in 2006: $233,000 compared to $222,100, according to the Illinois Association of Realtors. Median price means half the condos sold for more and half sold for less.
Look for fourth-quarter 2007 statistics in early 2008. We'll be sure to report them right here.
