Over 6,000 condominiums or townhomes were sold in the first quarter of 2013, an increase of 77 percent over the first quarter of 2012. Though the median selling prices of condos and townhomes slipped, the high sales volume is welcome news for beleaguered condo market, which has suffered from foreclosures and financing difficulties. The median [...]

Home sellers and buyers had an active first quarter in Chicago, with 7,751 single-family homes trading hands between January 1 and March 31. Though that figure represents a decrease from the previous quarter, it is 26 percent higher than the same figure a year ago. Prices are also down over last quarter.

This week we’ve been looking at the market overview charts for some neighborhoods with a lot of condominiums: Near North Side, Lincoln Park, Near South Side, and the Loop. With the exception of Lincoln Park, they have all seen a manageable decrease in median selling price. These neighborhoods, likely because of the high sales volume and high income levels and financial stability of owners, have avoided the radical ups and downs seen in other areas.