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

Contact Ann

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

Monday, June 4, 2018

How's the Market as of June 1, 2018

June is sure busting out all over... my peonies are in full bloom and I'm loving this weather! 

And how about real estate on the North Shore? The first report shows units sold, the second presents the median prices. Sales were fairly brisk this month, although maybe not as great as last year. 



The months of inventory on the first chart is a better way of measuring progress. Anything less than 6 months is considered a sellers' market -- anything more than 8 months is considered a buyers' market. Inventory levels changed very little from April. So while we had more sales, we also had more listings come on the market. Evanston and Wilmette continue to have a shortage of inventory, while Lake Forest continues to have a bit of a surplus.  The other communities are fairly balanced. 

The highest sale this month was a newer home in Winnetka on the lake with over 5,500 square feet of living space.



There are currently 223 houses for sale on the North Shore that are priced greater than $2M. During the month May, 12 houses closed in this price range:


Community
Sold This Month
# for Sale
Evanston
1
7
Wilmette
1
8
Kenilworth
1
21
Winnetka
5
64
Northfield
0
9
Glencoe
2
22
Highland Park
1
18
Lake Forest
1
71
Lake Bluff
0
3

Looks like things are moving well in the North Shore real estate market.


Here's to a wonderful summer!
Source: MRED (Midwest Real Estate Data) Multiple Listing Service

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