The Glencoe, IL real estate market has had a very nice spring!
April sales were up 75% from a year ago, average sale prices are up 8.8% the same time last year, and up 42% from last month. Total April inventory was just a touch higher from last month, yet 21% lower than last year (112 properties for sale in ’11 vs. 143 in ’10). It’s still high enough to indicate a buyers’ market: 14 properties sold, meaning Glencoe had an 8 month supply of inventory. This the town’s lowest amount of inventory seen since last month, and the second lowest since May, 2008.
Click here to see the latest on the Highland Park, IL market. Deerfield,IL market report to come! As always, feel free to get in touch if you have any questions or would like to see sales data for any other areas.
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.