Are North Shore Home Sales Starting to Slip?
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
The National Association of Realtors (NAR) published an article this week titled: "Existing-Home Sales Slip 2.7% in March."It does, of course, cover the national real estate scene. So there are inherently many facts that don't apply to Winnetka and the North Shore. One of the biggest is the title itself since the North Shore villages of Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield (as a whole) saw sales dip by 21%!Of course home sales have dipped - there are so few of them to buy! The good news - for sellers - is that the median price rose by 31%. Another way to see the rise in home prices is by total volume. Units Sold Total Dollar Volume 2021 367 $405,272,628 2022 291 $425,648,021 You can see that while many more homes sold in 2021, the dollar volume was higher in 2022 fo...
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