January 2016 Single Family Housing Market

Lincoln Park - Chicago

Single Family data taken from the MRED MLS

In the last 30 days there were 16 closed sales of detached homes, 10 went under contract and there were 38 new listings

In the last 12 months median sales prices increased +1.4%

Marketing Time increased +26.0% to an average of 131 days on the market

Now there is a 6.7 Month Supply of Inventory at the current level of absorption, this level is considered a oversupply.

Distressed sales, Bank Owned and Short Sales account for approximately 4% of total sales

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