Page 6 - The Owen Report for August 2022
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Wednesday, August 31, 2022
Monthly Statistics for Sales, $700k+ % +/- Since Last Month
Average Price: $1,394,151 +0.76%
Median Price: $1,040,000 -5.45%
Maximum Price: $4,100,000 -14.65%
Total Sales Volume: $54,371,875 -37.62%
Total Units Sold: 39 -38.10%
Average Market Time of Units Sold: 172 days +32.31%
Total Units Currently Active: 461 -3.56%
Avg. Mkt. Time of Currently Active Units: 193 days +4.32%
Units Sold Median Price
One Year Trend One Year Trend
80
70
70 63 $1,600,000
63 64 63
60 57 57
$1,400,000
46
50 43 44
39
40 40 38 $1,200,000
30
$1,000,000
20
10 $800,000
Source: Midwest Real Estate Data (MRED / MLS)
