Video: Real Estate Community Tour for Winnetka, IL
See Real estate community tour for Winnetka, IL
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was up 5% from one year earlier, and down 11% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 1.5-million dollars. Compared to last year, the average number of days units spent on the market before being sold was up 52%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 1.1-million dollars. The number of units sold decreased 10% year-over-year, and decreased 28% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.