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

Contact Ann

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

Saturday, September 29, 2018

How's the Market as of October 1, 2018

October is on the way and you can certainly feel it in the air.   There is something so refreshing about autumn after a hot summer. 

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



September was a bit of a slow month in many of the communities.   The median prices went both up and down... the number of units sold decreased as well.  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 an new construction, 6100 SF home on wide half-acre property in East Glencoe.



There are currently 169 houses for sale on the North Shore that are priced greater than $2M. During the month of October, 10 houses closed in this price range:

Community
Sold this Month
# for Sale
Evanston
0
7
Wilmette
1
2
Kenilworth
0
11
Winnetka
3
43
Northfield
1
9
Glencoe
2
19
Highland Park
1
19
Lake Forest
2
55
Lake Bluff
0
4

It's good to see the inventory of high end listings come down by double-digits! 

Here's wishing you a beautiful October.

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