Welcome To Market Updates!
Here you will find a weekly update of housing market trends in different Chicago neighborhoods.
This week, we are looking at Streeterville and Gold Coast, zip code 60611
The median list price for townhomes and condominiums for this week is $550,000.
Supply and Demand
- Home sales have been exceeding new inventory for several weeks
- Since this is still a buyer's market, prices are not yet moving higher as excess inventory is consumed
- However, if the trend continues, the market will move to a seller's zone, and we are likely to see upward pressure on pricing
The Market Action Index for this zip code is 28.1; indicated a slight buyer's advantage.
- Prices in this zip code seem to