Northbrook Market Minute August 2022! How’s the market performing heading in to the end of summer, back to school, vacations and pandemic concerns. Northbrook IL Real Estate in August 2022. Last month we talked about the frenzy simmering down. The numbers for NB still show a rosy picture which is a bit confusing when you hear the news about recession.
Hi I’m Caroline Gau in the Baird & Warner Glenbrook office. This is your Northbrook Market Minute for August 2022.
For now since we do this report monthly and compare apples to apples over last year, Northbrook average sales price is up 5% to $584,000.
The market time is down 37% since last July.
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There are 43% fewer homes for sale in August than there were last August.
So when you ask me “how’s the market in NB” which is hyper local, the inventory is still down. Yes the frenzy we were experiencing in the spring has subsided. Buyers are still out there and now have a chance to negotiate. Just this week I dusted off my negotiating skills for 2 different buyers for a successful deal.
The sky is not falling. People still need to move for various reasons. Let’s connect.
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