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, September 30, 2019

How's the Market as of October 1, 2019

Welcome to October.   This is typically the last big month of the year when it comes to real estate. Often there is a rush of sales as the "season" comes to an end.  

So, how was the market in September? 

 These next charts show units sold and the median prices.


Using months of inventory is a more effective way of measuring the health of the 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 Lake Forest and Kenilworth. 

 In the next chart, I list the highest sales for each community during June and July. At the top of the list was a 1922 lakefront property in Winnetka.


There are currently 192 houses for sale that are priced greater than $2M. During the month of September, 6 houses closed in this price range:

Community
Sold this Month
as a % of Active
# for Sale
Evanston
0
0%
9
Wilmette
1
14%
7
Kenilworth
0
0%
17
Winnetka
3
7%
41
Northfield
0
0%
6
Glencoe
1
5%
20
Highland Park
1
8%
12
Lake Forest
0
0%
71
Lake Bluff
0
0%
9

Here's hoping for a beautiful fall!

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