Lakeshore Analytics

Housing struggles shared among top neighborhoods

Selling prices of Chicago homes from the second quarter of 2011 are down compared to the same period a year ago across most Chicago neighborhoods, according to the latest 2Q 2011 sales data. Median condo sales are lower in 2Q 2011 than a year ago in 13 of 20 neighborhoods we track, and barely higher in three cases. [...]

First look at Q2: House prices down in 4th straight quarter

City house prices declined for the fourth straight quarter to a median of $142,000 in Q2 2011, just over half the market’s peak of $275,000 in Q3 2007, reflecting the prevalence of distressed sales throughout the city. The median price of a condominium sold in the city inched upward to $216,500, a 3% increase over [...]