The HEADRICK-WAGNER CONSULTING Group just released their Chicagoland Monthly Housing Market Pulse for June 2008. It’s a relatively easy to read report that breaks down Attached Properties (condos) and Detached (single family homes) for Chicago.

The monthly analysis of inventory levels by price range is pretty interesting. I know it’s a bit techy, but once you get the hang of it you can easily decipher the info. It will show you the number of active listings, the DOM (days on market) and then the number of months supply.

As you will see for detached housing, there is an average of almost a year’s supply on Chicago’s near north side - 11.43 months, and Lincoln Park - 9.59 months. This is actually less than the overall average for Chicago (over 13 months).

For attached housing it’s even lower – North Side is 6.8 months, and Lincoln Park 5.4 months. Again, these are less than the overall average for Chicago (7.58 months).

Take a close look at these statistics however – You’ll see some scary statistics that aren’t to scary when you put them in context! Lincoln Park has a whopping 51 months supply of $2,000,000+ condos. However, when you look at the number behind it (only 17 homes on the market with an average of 220 days on market), you get a little bit of perspective.

What does this tell the savvy buyer and seller? It tells you that in this market correct and competitive pricing AT THE GATE is the most important thing you can do to get a good deal!

• Click here to access the Attached Properties (condos) report.
• Click here to access the Detached (single family homes) Properties report.

Posted By: John D'Ambrogio

Senior Vice President, Director of Operations & Relocation Services

Magnificent Mile/Gold Coast
980 N. Michigan Avenue, Suite 900
Chicago, IL 60611

Direct: (800) 480-5660
Fax: (312) 264-5752
jdambrogio@rubloff.com

John has a well-rounded background in real estate and relocation, including experience as principal in a third-party relocation firm. He started his relocation career building a rental agent network for relocation companies and corporations to use in the Chicago market. After moving to a destination home-finding and consulting firm, John counseled domestic and international corporate clients moving to the area. He eventually became a principal in the firm, spearheading the development of their corporate relocation affinity programs.

John has chaired a number of committees as an executive board member of Chicago's Corporate Relocation Council. His background in community service includes a term as president of the Lake View East Chamber of Commerce, where he led the neighborhood rejuvenation program. He also worked as a commissioner, appointed by Mayor Richard M. Daley, for Special Service Area No. 5 on Chicago's North Side. John is also an active member of The Employee Relocation Council and the Relocation Directors Council.

John is currently the chairman of the RELO Advisory Committee representing Rubloff and mid-sized brokerages to The Leading Real Estate Companies of The World, and an active participant in their REAP - Real Estate Ambassador Program.

John has structured the Relocation Department of RUBLOFF Residential Properties to provide clients with an entire menu of relocation services. From agent selection and destination counseling, to corporate housing, buy-outs, mortgage, household goods and more, RUBLOFF Relocation can assist you, whether you are moving to Chicago, from Chicago, or even within the area.

Rubloff Relocation was the first Chicagoland recipient of the coveted RELO Quality Certification Award. RQC recognizes outstanding relocation departments in the Leading Real Estate Companies of the World network based on meeting rigorous standards for leadership, commitment, resources and customer focus.

John's Designations
CRP Corporate Relocation Professional
GMS Global Mobility Specialist
GRI Graduate, Realtor® Institute
QSC Quality Service Certified
RCC RELO® Certified Coordinator
RDC Relocation Directors Council
RQC RELO® Quality Certified
WRS World Relocation Specialist