Thursday, December 21, 2006

Where's the North Shore real estate market headed?

Conversations at holiday parties on the North Shore have frequently focused on what the new year will bring in regard to real estate values and how that will impact sales.

Taking a look at some statistics, here are some interesting thoughts to consider:

  • Each village is experiencing different market trends
  • The current inventory of homes on the North Shore is much larger than in 2005
  • From village to village, total sales in 2006 range from unchanged to down over 20% compared to 2005

Many are asking how the current economic climate will affect home sales and prices during the coming spring market period. Does anyone have any thoughts on this topic?

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About Us

North Shore suburbs, Chicago, Illinois, United States
We are The North Shore Home Advisors. Our goal is to help lead you through the maze of villages called the North Shore in an attempt to help you to make an educated decision regarding which of these villages best fits your needs. We will provide you with general information, resources,and guidance. We will discuss pre-school options, school districts, park district facilities, and places to have fun, eat and shop. We'll share insights regarding each of these villages. We are five experienced real estate professionals who have all lived in these towns for many years. We will discuss local real estate trends and their effect on pricing and inventories. Most important,we will be soliciting questions, comments and feedback from you. This will be a forum for exchanging thoughts and ideas. Please join us as we help you make your way through this exciting transition from city to suburban living. We can provide a great deal of value for you.