Posts Tagged: market time

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Standard Measures Don’t Tell The Real Story

There are a few statistical measures that realtors use to monitor the condition of real estate markets. Two of these measures are months supply of home inventory (how many months it would take to sell off the current inventory at the current sales rate) and market time (how many days homes have been on the… Read more

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Chicago Condo Market Glut Reaches Biblical Proportions

I knew it was bad and getting worse but as we updated our Chicago neighborhood housing market statistics I started to see deterioration on a scale I had not seen before. It used to be that the evidence of a slowdown was limited to the fringe areas of the city. Sacred neighborhoods like Lincoln Park… Read more