Page 6 - The Owen Report for May 2021
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Monday, May 31, 2021
Monthly Statistics for Sales, $700k+ % +/- Since Last Month
Average Price: $1,325,733 +15.10%
Median Price: $920,000 -8.91%
Maximum Price: $4,250,000 +41.67%
Total Sales Volume: $86,172,658 +33.60%
Total Units Sold: 65 +16.07%
Average Market Time of Units Sold: 197 days +19.39%
Total Units Currently Active: 474 -2.87%
Avg. Mkt. Time of Currently Active Units: 220 days -7.05%
Units Sold Median Price
One Year Trend One Year Trend
80
70 65 $1,600,000
60 56
$1,400,000
47
50 40 42
40 33 36 33 $1,200,000
30 27 27 24 25
17 $1,000,000
20
10 $800,000
Source: Midwest Real Estate Data (MRED / MLS)
