WINNETKA REAL ESTATE REPORT - FEBRUARY 2019
7 homes closed in February 2019 in WINNETKA compared to exactly 7 closes in January a year ago.
The median price for homes sold year-to-date this year is $968,000 compared to last year when it was $1,300,000.
SOLD HOMES - JANUARY 2019 - WINNETKA
CURRENT SNAPSHOT OF WINNETKA REAL ESTATE
Homes for sale: 146 (up 2 from last month)
Price range: $390,000 to $6,245,000
Under contract: 43
Absorption rate: 7 ¼ months
List price to sell price ratio: 93%
February 6 jumbo loan interest rate: 4.125%
February 6 conventional loan interest rate: 4.375%
Foreclosures for sale: 2
The absorption rate at 7 ¼ months is trending toward a buyer’s market. This figure indicates the number of months it would take all Winnetka inventory to sell without any new homes coming on the market.
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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.
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