Page 6 - The Owen Report for May 2020
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Sunday, May 31, 2020
Monthly Statistics for Sales, $700k+ % +/- Since Last Month
Average Price: $1,418,181 +30.16%
Median Price: $999,500 +2.25%
Maximum Price: $8,400,000 +315.84%
Total Sales Volume: $38,290,900 +75.72%
Total Units Sold: 27 +35.00%
Average Market Time of Units Sold: 204 days +15.25%
Total Units Currently Active: 495 +16.75%
Avg. Mkt. Time of Currently Active Units: 231 days -3.75%
Units Sold Median Price
One Year Trend One Year Trend
80 $1,900,000
70
$1,700,000
58
60
49 50 50
50 47 46 $1,500,000
40 34 31 $1,300,000
30 26 30 27 27
20 $1,100,000
20
10 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
