Here’s your Northbrook Market Minute for November 2022. Hi I’m Caroline Gau in the Baird & Warner Glenbrook office. As we head into the winter months typically we see seasonal lows. This year the market time average in NB is still declining so that’s noteworthy- down 32% compared to 2021 for 54 days. To give you an idea we put on 1,199 new listings in Northbrook vs 1.423 last year.
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I am working with buyers who are looking for a certain property or area, who haven’t found what they are looking for. The stats demonstrate what buyers are seeing. Real estate is hyper local. In Northbrook there is demand for the schools, parks and location. The average sales price is up 5.9% to $593,238. The Months supply of homes for sale is only 1.9 months. Yes the interest rates are higher and that affects buying power. There are still sellers, buyers and investors ready for a move who need my help. Let’s connect.
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Baird & Warner
Glenbrook 2731 Pfingsten Road,
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