The latest news on the city's real estate (aside from year-over-year increases in practically everything) is that condos are selling fast.
Crain's Dennis Rodkin has a report out today that cites data from the MLS to show that condos sold in June in an average of 61 days, faster than any time since January 2007.
And if they're priced properly in a handful of very hot neighborhoods (think the West Loop, River North, Ukrainian Village) then they sell in some cases the same day they're listed.
The median sale price of a condo in the city was $323,000 in June, up 4.2 percent from the previous year. Single family houses appreciated faster, up 8.9 percent to a media price of $225,000.
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