Page 6 - The Owen Report for May 2023
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Wednesday, May 31, 2023
Monthly Statistics for Sales, $1M+ % +/- Since Last Month
Average Price: $1,374,618 -19.81%
Median Price: $1,250,000 -8.09%
Maximum Price: $2,150,000 -58.65%
Total Sales Volume: $23,368,500 -45.47%
Total Units Sold: 17 -32.00%
Average Market Time of Units Sold: 249 days +15.81%
Total Units Currently Active: 319 +2.57%
Avg. Mkt. Time of Currently Active Units: 210 days +1.94%
Units Sold Median Price
One Year Trend One Year Trend
70
$1,700,000
60
50 43 $1,500,000
40 36
30
30 26 25 $1,300,000
21 19 19 17
20 14
11 11 12 $1,100,000
10
0 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
