North Shore Views
Home sales on Chicago’s North Shore were up 4% in October vs. last year. Although sales growth has slowed as we move into the winter, the lack of inventory has also had a dampening effect. At some price points there are very few homes for sale which has frustrated buyers anxious to take advantage of affordable prices and low interest rates.
The low inventory is having a positive effect on prices. Overall, the median selling price on the North Shore was up 11% over last year, with more positive trends seen in the more affordable areas.
Market time has also been affected by low inventory and is now under four months for some towns. This is all good news for sellers, who can expect a quick sale for a well-priced home.
North Shore Market Update – October 2012
Want more data? You can see statistics by individual town in Market Statistics.
Looking for real estate on the North Shore? Click here to see homes for sale on the North Shore.
North Shore Views is the most comprehensive online source for North Shore Chicago real estate and community information. Whether you are looking for market statistics, homes for sale or local events, North Shore Views has it all at your fingertips. Browse information regarding our communities, market data, luxury homes, lakefront property, schools and what you should know about making the move to the North Shore.
Thinking of selling your home? Give us a call at 847-881-6657 to set up a consultation with the Come Home North Shore Team.