Which neighborhoods are moving recently built inventory the fastest? To find out, LeapRE took the number of active listings in each neighborhood in Chicago and divided it by closed listings during the last year, looking only at properties built since 2007. Only neighborhoods with at least 10 recorded closings during the previous twelve-month period and 10 active listings were rated.
It appears eight months is the shortest amount of time it’s projected for a neighborhood to move all recently built inventory – Edgewater, North Center and West Town each top this list. The Near South Side has the longest projected time to move inventory, with 41 months. Uptown came in a distant second with 29 months.
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