Back in April, the median price for Chicago taxi medallions was $125,000. While almost every kind of “real estate” has continued crashing since then, medallions now (December 2008) have reached a median price of $155,000. Chicago Dispatcher says they get their data from the City of Chicago, but I haven’t found it on the City’s web site. Curiously, the only medallion listed on cabmarket.com is priced at just $139,000, and has lingered unsold for 54 days.
Medallions now at $155,000
January 31st, 2009 by taxpayer
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[...] Chicago Dispatcher’s March issue, calculates a median price of $158,000. This compares to $155,000 two months earlier. Given the declines in the price of most other privileges over the last [...]