Market Time in Winnetka North Shore Housing - Then and Now
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Absorption Rate on the North Shore - Now and Then The real estate floodgates opened back in June 2020 when the stay-at-home order was lifted. Weary buyers - many of whom had been staying home with their families - poured out from the city into the suburbs. And very suddenly we had a different housing market.2017 and 2018 were years where there was ample inventory and homes took a very long time to sell. Multiple price reductions were common.This most unusual year of 2020, despite a debilitating virus, or rather because of it, we’ve seen the best real estate market in years. Homes have continued to sell quickly and for close to full price, sometimes over asking, since June. We’re now in the holiday season when it generally slows down. Future sellers are waiting to list their homes in the...
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