Send Me A Message Got any questions? Get in touch

    Main Content


    Average Sales Price dropped a bit from November
    $629,915 | +4.0%

    Average Market Time
    46 | -4.2%

    Month’s Supply of Homes-Same as November

    1.5 | -11.8%

    New Listings

    813 | -27.7%

    Happy New Year! Cheers to a prosperous 2024.
    I’m Caroline Gau with Real Broker LLC

    In Northbrook our average sales price is $630,000 while that’s down a bit since November it’s still 4% higher than last year.
    Our average market time is 46 days down 4%.
    We have 1.5 months of inventory available for sale. 6 months is a balanced market. If no new homes came on the market it would take 1.5 months to clear out the current inventory. This means we are experiencing a strong seller’s market.

    Our new listings are down 27.7% with only 813 homes in NB on the market.

    Interest rates are an average 6.61%

    Where do we go from here?
    A succinct quote from Freddie Mac:

    The rapid descent of mortgage rates over the last two months stabilized a bit this week, but rates continue to trend down. Heading into the new year, the economy remains on firm ground with solid growth, a tight labor market, decelerating inflation, and a nascent rebound in the housing market.

    This gives me optimism for 2024. What do you think?



    Caroline’s VIP List

    For exclusive news and market updates, contact us through the form below.