Chicago’s market for luxury condos is seeing health activity with an increase in available units, according to a new MarketWatch report.

The city’s inventory of luxury condos is up 20 percent from last quarter. The increasing number of luxury condos available can likely be traced back to new construction in Chicago and rising prices. Strong sale prices and willing buyers are enticing many owners to sell their luxury condos.

Sales in the upper echelons of luxury condos are keeping pace. One Chicago condo recently sold for $13 million, according to the report.

The report predicts that the current trends in Chicago’s luxury condo market will continue. There are a number of new developments that will bring even more luxury condos to the market, including projects at 9 W. Walton St. in the Gold Coast and 363 E. Upper Wacker Drive in the Loop.