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, September 1, 2019

How's the Market as of September 1, 2019

As summer comes to an end, so begins a "new year."   I love September -- it's my favorite month on the North Shore.  The skies are blue; the air is crisper and the colors start to become pretty amazing as our mature trees begin their autumn ritual.     

In real estate, it's usually a new beginning as well.   People return to their lives and begin thinking about moving.   We'll see how this Autumn season does.

So, how was the market in August?  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 unique more contemporary property in Winnetka.   

There are currently 199 houses for sale that are priced greater than $2M. During the month of August, 13 houses closed in this price range:

Community
Sold this Month
as a % of Active
# for Sale
Evanston
2
22%
9
Wilmette
1
14%
7
Kenilworth
0
0%
17
Winnetka
6
13%
45
Northfield
1
14%
7
Glencoe
0
0%
19
Highland Park
0
0%
15
Lake Forest
3
4%
72
Lake Bluff
0
0%
8


September typically brings an increase in sales before winter.   Here's hoping for a beautiful fall!

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