Page 6 - The Owen Report for May 2022
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Tuesday, May 31, 2022
Monthly Statistics for Sales, $700k+ % +/- Since Last Month
Average Price: $1,259,963 +1.01%
Median Price: $975,000 -0.76%
Maximum Price: $3,547,542 -14.52%
Total Sales Volume: $79,377,653 -0.57%
Total Units Sold: 63 -1.56%
Average Market Time of Units Sold: 141 days -6.00%
Total Units Currently Active: 479 +5.51%
Avg. Mkt. Time of Currently Active Units: 174 days -2.25%
Units Sold Median Price
One Year Trend One Year Trend
80
70
70 65 68 64 $1,600,000
63 63
60 57 57
$1,400,000
46
50 43 44
40 40 38 $1,200,000
30
$1,000,000
20
10 $800,000
Source: Midwest Real Estate Data (MRED / MLS)
