First snow brings falling interest rates...
I have seen deep discounts on the higher end high-rise buildings, $400,000-$1,000,000 units that once sold for $50K-$100K plus more... and the lower end units selling in the $200s that once sold for over $300K.
I have not seen any significant discounts for desirable condos in smaller buildings for Lakeview, Lincoln Park, Old Town, Lincoln Square and Ravenswood. You may find condos to purchase at close to what the owners paid two to three years ago, but very few opportunities to buy at drastic discounts.
It's pretty intense out there if you want a deal on certain types of homes in top tier neighborhoods.