North Shore Views
North Shore Market Report – July 2013 vs. Year Ago
The housing recovery continues to chug along, with July home sales running 9% ahead of July 2012. The biggest gainers were Kenilworth (+200% off a small base), Glenview (+34%) and Glencoe (+25%).
Happily (for homeowners), prices are also continuing their upward trend, with the July median price up 10% over last year. Here Glencoe (+34%), Highland Park (+33%) and Northfield (+24%) posted the biggest gains, though we should be careful not to read too much into one month’s numbers.
Market time continues to decrease, now averaging only 2.8 months on the North Shore overall. Wilmette and Winnetka had market times of only 1.7 months! This is driven by the imbalance of supply and demand. There are far more active buyers now than there are homes for sale, so homes are selling quickly if priced right.
Want more data? You can get more statistics for the individual villages here.
Have questions about the market? Give us a call at 847-881-6657. We’re never too busy for your questions!