Page 6 - Owen Report May 2019
P. 6

Owen Report

                       The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area

                                As of Friday, May 31, 2019

           Monthly Statistics for Sales, $700k+                            % +/- Since Last Month

       Average Price:                                  $1,498,071                    -12.96%
       Median Price:                                   $1,217,500                     -2.60%
       Maximum Price:                                  $6,094,591                     -5.69%
       Total Sales Volume:                            $73,405,475                    -26.47%
       Total Units Sold:                                                             -15.52%
       Average Market Time of Units Sold:                         49                  +4.27%
       Total Units Currently Active:                      171 days                    -2.22%
       Avg. Mkt. Time of Currently Active Units:                                      +9.78%
                                                                 529
                                                          202 days

               Units Sold                                               Median Price
           One Year Trend                                             One Year Trend

80     66                                                 $1,500,000
70 64                                                     $1,300,000
60         50 54                                  58      $1,100,000
50
40                48                                  49    $900,000
30                      41                                  $700,000
20                          37 35
10                                         30
                                   24 24

                            Source: Midwest Real Estate Data (MRED / MLS)
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