After reading story (Bloomberg) after story (The Atlantic) about the positive national figures for pending home sales, I thought I better double check my stats since my post from Monday was a bit of a downer.
Chicago – citywide – pending home sales for the past 6 months were UP 2.1%. Even more interesting from the chart below, steady increases in pending sales for the weeks October 11 to November 15. But then a huge drop of nearly 200 units.
Lakeview: statistically up 1.7%, but each month is all over the place, with a trend downward in the past 3 weeks.
Lincoln Park: Statistically down 8.5%, but that only represents one home or condo less when comparing the most recent 3 months to the previous 3 months.
Bucktown: Down 9.3% but like Lincoln Park, that only represents one unit less when comparing the most recent 3 months to the previous 3 months. Still the trend is downward.