Condo Market in Lincoln Park

This market analysis of condos and townhomes in Lincoln Park - Chicago includes all bedrooms, all baths and all price ranges. 

 

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 The median sales price of condos in Lincoln Park is down 3.9% from Nov. 2010 to Nov. 2011.  

 

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The number of units for sale has gone down 18%. Units under contract has gone up 50% and unit sold has gone up 14.6%

 

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 The monthly supply of inventory is down 49.8% from Nov 2010 - Nov 2011.

 

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The sales absorption number look good with the percentage of inventory under contract up 84.7% and the percentage of inventory sold up 41.1%.

Overall I would say the numbers point to a recovering market for attached single family homes in Lincoln Park (condos and townhomes) although how strong a recovery will be affected by further economic recovery, mortgage interest rates, and consumer confidence.