2018’s real estate market in the North Shore villages of Winnetka, Wilmette, and Glencoe presented some challenges to both buyers and sellers.
The year started out in a fast rush with lots of inventory and many fairly quick sales. This continued through the end of May when suddenly the market fainted and keeled over.
Sellers (and we agents) were bewildered by the abrupt change in the market thinking it would recover in the fall. Which it did - but just slightly.
While economics and the political climate will always play havoc with housing, I think that the market will again rebound this spring. For those that didn’t buy last year - for whatever reason - this could be the time.
Interest rates are currently around 4 ½% but predicted to clamber up over 5% by the end of the year and this will definitely weigh in favor of buying sooner rather than later.
Click on your village below to see a complete recap of the year including median prices, days on market, list to sell price ratio, and current homes for sale. (The same information for Kenilworth, Northfield, and Glenview will appear next month.)
To CONTACT Margaret Goss, please call 847-977-6024 or email: margaret.goss@bairdwarner.com
Margaret Goss is a full-time real estate agent since 1998 servicing the North Shore communities of Winnetka, Wilmette, Kenilworth, Glencoe, Northfield, Glenview, and Evanston. See full BIO for Margaret Goss.
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