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Condo Slump Continues

The numbers are out for downtown Chicago condo sales in the first half of 2011, and it doesn't look pretty. Just 261 total condos and townhouses were sold downtown through June, according to Appraisal Research Counselors, making it the weakest first half since the market tanked. Supply is down too, as developers are holding onto just 1,911 unsold units — the lowest number since 1997. [Chicago Real Estate Daily]