Wilmette IL Real Estate Update January 2019

By
Real Estate Agent with Baird & Warner Real Estate

WILMETTE REAL ESTATE REPORT - JANUARY 2019

 

12 homes closed in January 2019 in WILMETTE compared to 23 closes in January a year ago. So we’re off to a much slower start  - the weather has been mild with the exception of the polar vortex last week.

 

There is a lot of inventory coming on the market - both newly listed homes but primarily homes that are being relisted after the holidays. The median house price went down slightly from $700,000 to $615,000 (January 2018 vs January 2019.)

 

SOLD HOMES  - JANUARY 2019 - WILMETTE

 

Wilmette IL Real Estate Report



CURRENT SNAPSHOT OF WILMETTE REAL ESTATE

 

Homes for sale: 147

Price range: $325,000 to $3,600,000

Under contract: 45

Absorption rate: 5.3 months

List price to sell price ratio: 90%

February 6 jumbo loan interest rate: 4.125%

February 6 conventional loan interest rate: 4.375

Foreclosures for sale: 1

 

The absorption rate at 5.3 months is a balanced market - neither a buyer or seller’s market. The list to sell price ratio of 90% means sellers need to price their homes more competitively - long list times of overpriced homes means less profit for sellers.



SEE ALL WILMETTE HOMES FOR SALE

 

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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.




Posted by

Margaret Goss - Winnetka and North Shore Real Estate Broker
Specializing in homes for sale in Winnetka, Wilmette, Kenilworth, Northfield, Glencoe, Glenview, Northbrook, and Evanston.

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