Keeping up with Chicago's North Shore Real Estate Market!

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call or text me: 847-691-1111 or email: ann@rannjones.realtor

Sunday, December 3, 2017

How's the Market as of December 1, 2017?

Oh my goodness. December already? Where did the year go?

So how was the real estate market in November?  The first report shows units sold, the second presents the median prices.





As you can see, the units sold were somewhat different from last year -- there were both ups and downs. The months of inventory on the first chart is a better way of measuring the market. Anything less than 6 months is considered a sellers' market -- anything more than 8 months is considered a buyers' market.  It continues to be inconsistent on the North Shore, however most communities are in pretty good shape. It appears that high-end homes are moving more slowly than those that are more affordable. The median sales price is going both up and down in the communities so there doesn't appear to be a pattern. 

One caveat: sometimes the numbers are a little distorted this time of year.   Sellers often take their homes out of the MLS during the holidays, so often there are more homes available for sale than show up in the computer system.

In the next chart I show the high-end sales for each community. Wilmette had the highest sale with an amazing 1941 lake front property. 





There are currently 169 houses for sale in the MLS on the North Shore that are priced greater than $2M. During the month of November, 6 houses closed in this price range:


Community
Sold this Month
# for Sale
Evanston
0
6
Wilmette
1
9
Kenilworth
1
7
Winnetka
2
38
Northfield
0
7
Glencoe
0
19
Highland Park
0
19
Lake Forest
2
60
Lake Bluff
0
4

The market continues along. Enjoy the next few weeks. As the year comes to a close, I think about other holiday seasons and memories of times past.  It has been a remarkable year with an amazing cross-country adventure, wonderful times and new beginnings.   I'm looking forward to 2018 at my new @properties office and hope to see many of you in the new year.  

Wishing you all the best during this holiday season.

Source: MRED (Midwest Real Estate Data) Multiple Listing Service

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