Saturday, April 27, 2013

How low can we go? Chicago inventory levels by neighborhood


We all know that inventory levels are low but just how low?  Here are the numbers for some key neighborhoods in Chicago 






For detached properties over the last two year period:

8004 (Lincoln Square) started two years ago with a 7.1 months supply of inventory, went as high as 18.7 months and now is at 1.6 months.
8005 (North Center) started two years ago with a 5.9 months supply of inventory, went as high as 9.8 months and now is at 1.4 months.
8006 (Lake View) started two years ago with a 8.4 months supply of inventory, went as high as 12.7 months and now is at 2.1 months.
8007 (Lincoln Park) started two years ago with a 10.7 months supply of inventory, went as high as 21.2 months and now is at 3.3 months.
8008 (Near North Side) started two years ago with a 15 months supply of inventory, went as high as 42 months and now is at 10.7 months.
8016 (Irving Park) started two years ago with a 10.1 months supply of inventory, went as high as 13.1 months and now is at 1.5 months.
8022 (Logan Square) started two years ago with a 6.8 months supply of inventory, went as high as 18.4 months and now is at 1.7 months.
8024 (West Town) started two years ago with a 7.9 months supply of inventory, went as high as 14.2 months and now is at 1.7 months.

For attached properties over the last two year period:

8004 (Lincoln Square) started two years ago with a 7.2 months supply of inventory, went as high as 13.9 months and now is at 2.1 months.
8005 (North Center) started two years ago with a 6.4 months supply of inventory, went as high as 26.3 months and now is at 1.4 months.
8006 (Lake View) started two years ago with a 9.6 months supply of inventory, went as high as 13.1 months and now is at 1.8 months.
8007 (Lincoln Park) started two years ago with a 9.3 months supply of inventory, went as high as 13.7 months and now is at 1.7 months.
8008 (Near North Side) started two years ago with a 11.1 months supply of inventory, went as high as 12.9 months and now is at 2.4 months.
8016 (Irving Park) started two years ago with a 20.9 months supply of inventory, went as high as 24.4 months and now is at 3.2 months.
8022 (Logan Square) started two years ago with a 11 months supply of inventory, went as high as 23.1 months and now is at 1.3 months.
8024 (West Town) started two years ago with a 10.1 months supply of inventory, went as high as 13.5 months and now is at 1.3 months.
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