Here is the latest on the Highland Park, IL real estate market (click on “View in Fullscreen” to enlarge the photo).
April sales were down 27% from a year ago, yet higher than last month. Average sale prices are up just a touch from the same time last year, and up 25% from last month. While inventory is lower than last year (373 properties for sale in ’11 vs. 447 in ’10), it’s still high enough to indicate a buyers’ market: 35 properties sold, giving Highland Park a bit over a 10 month supply of inventory. This is down considerably from the 30 month supply we had last February, and the lowest level we’ve seen since June, 2010.
I will have info for Deerfield and Glencoe on my blog in the next few days as well. As always, feel free to get in touch if you have any questions!
This is part of a series of blogs called Housing Market Matters, designed to give updates and stats on the performance of the North Shore housing market.