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

Contact Ann

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

Wednesday, August 1, 2018

How's the Market as of August 1, 2018?

August 1 -- where did the summer go?  I have to admit I have been loving this milder weather we've been having the last week or so.   Sales slowed down a bit in July, so perhaps others were enjoying the weather too!

So how was the market in July?  These next charts show units sold and the median prices.


The months of inventory is the best way to determine the health of a housing market.  Anything less than 6 months is considered a sellers' market -- anything more than 8 months is considered a buyers' market. The level of inventory has not deviated much over the last few months.  There continues to be a shortage of inventory in Wilmette and Evanston with a surplus in Kenilworth and Lake Forest.  

In the next chart, I show the high-end sales for each community. The highest sale this month was in east Glencoe - a New England Colonial built in 2016 with large yard on Old Green Bay Road. 
There are currently 204 houses for sale on the North Shore that are priced greater than $2M. During the month of July, 7 houses closed in this price range:

Community
Sold this Month
# for Sale
Evanston
0
6
Wilmette
1
6
Kenilworth
1
15
Winnetka
1
56
Northfield
0
10
Glencoe
2
22
Highland Park
0
21
Lake Forest
2
65
Lake Bluff
0
3


Enjoy the last days of summer!

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