Northbrook Home Sales Improving

Overall sales activity in Northbrook was similar to Highland Park over the past 6 months. Sales activity picked up during the past three months. As in Highland Park the less expensive homes had a stronger showing, with 80 out of 87 sales in the past three month priced at less than $1,200,000 (about 92% of the sales). Seventy percent of the sales in the past three month were under $700,000.

Assuming that the sales rate for the past six months remains that same (I hope not!) there is almost 17 months of inventory in Northbrook right now (316 homes on the market, with 18.7 selling each month, on average). If I use the 3-month sales rate, the inventory level is a little better, with just under 12 months of inventory (316 homes available with 29 selling each month).

Breaking it down by price range and using the 3-month (more optimistic) sales rate, here are the details:

Northbrook homes priced less than $600,000 have 6-7 months of inventory.

Northbrook homes between $600,000 and $1,200,000 have almost 9 months of inventory.

Luxury homes (priced over $1,200,000) have over 32 months of inventory!

Please give me a call if you want more information or if you have any questions.

Thanks for reading.

nsk

Home below is for sale in Glenview/Northbrook development called Willows West. Needs some work. Contact me for details.