Market Reports for October 8, 2022
FIND AN OPEN HOUSE IN GLENVIEW IL NORTHBROOK IL OR MORTON GROVE IL
Market Reports for October 8, 2022
I look forward to helping you with your real estate needs. Please contact me if you would like to discuss these Market Reports for October 8, 2022 for Northbrook and Glenview, IL or require any assistance with your home search.
Information is the key to being successful in any effort to buy or sell a home. We provide information so that you can quickly determine existing market conditions in Glenview, Northbrook, and other communities. With Home Sales continuing to soar throughout Chicagoland and the Northshore, it’s essential you have the information you need find your dream home.
Synopsis
Glenview: Slight Seller’s Advantage
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Northbrook: Strong Seller’s Market
In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
Below are the links to your full custom Real Estate Market Reports:
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