North Shore Views

November North Shore Market Update

North Shore real estate trends are currently a good news, bad news story.
The market is definitely inching towards a recovery, here as well as most
other markets, although the North Shore has benefited less from the first
time buyer tax credit than lower-priced markets. Sales on the North Shore
were up 21% in the latest two month period versus year ago, so reluctant
buyers are getting off the fence and things are moving again.  The not so
good news is that prices are down 7% and average time on market has
increased by 14% to 201 days. But that’s an average. Some properties are
selling quickly- those are the ones that are priced right from the
beginning, and buyers perceive a good value.

September-October 2009 vs. Year Ago*

* Single family homes (Source: MRED)



Tags: Evanston, Glencoe, North Shore market data, North Shore real estate trends, North Shore sales trends, Wilmette, Winnetka

This entry was posted on Wednesday, November 18th, 2009 at 3:57 pm and is filed under North Shore market data. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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