Page 6 - The Owen Report for November 2022
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Wednesday, November 30, 2022
Monthly Statistics for Sales, $700k+ % +/- Since Last Month
Average Price: $1,577,005 -16.60%
Median Price: $950,000 -13.64%
Maximum Price: $5,645,423 -44.79%
Total Sales Volume: $41,002,123 -25.23%
Total Units Sold: 26 -10.34%
Average Market Time of Units Sold: 132 days +10.92%
Total Units Currently Active: 398 -12.33%
Avg. Mkt. Time of Currently Active Units: 235 days +10.33%
Units Sold Median Price
One Year Trend One Year Trend
80
70
70 63 64 63 63 $1,600,000
60 57 57
$1,400,000
50 40 38
39
40 34 $1,200,000
29 26
30
$1,000,000
20
10 $800,000
Source: Midwest Real Estate Data (MRED / MLS)
