This is a question that I am often asked. I’ve done many market reports on various segments of our North Shore market and the numbers have always remained below the high year of 2008.
2012 was the low water mark for North Shore home prices and since then prices have been fairly stable with a slight uptick in 2015-2018.
Mortgage rates are not rising as quickly as originally predicted. The Freddie Mac Mortgage Survey reports that the 30-year fixed mortgage rate is 4.51%, down from 4.53% the previous week. The 15-year fixed is 3.98%, down from 4.01% the previous week.
So there’s reason to think that the market will continue to bobble along, neither rising or falling for the foreseeable future.
These charts clearly show exactly how the North Shore housing market has performed since 1990.
North Shore including Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield
North Shore including Glenview and Northbrook
While you're here, please see ALL NORTH SHORE HOMES FOR SALE
Sign up to get monthly North Shore real estate news delivered to your inbox.
It's free, we'll never sell your info, and you can opt-out at any time.
Enter your email address at: North Shore Newsletter
Margaret Goss is a full-time real estate broker since 1998 working in the North Shore communities of Winnetka, Wilmette, Kenilworth, Glencoe, Northfield, Glenview, and Evanston.
She can be reached at:
See her full BIOGRAPHY