Northbrook IL Real Estate Market Action Report June 2017
By Art Wilson, Realtor - Chicago's North Shore
(Coldwell Banker Residential Brokerage)
By Art Wilson, RealtorNorthbrook’s May Property sales were 93, up 9.4% from 85 in May of 2016 and 40.9% higher than the 66 sales last month. May 2017 sales were at their highest level compared to May of 2016 and 2015. May YTD sales of 291 are running 11.1% ahead of last year's year-to-date sales of 262.The Median Sales Price in May was $450,000, up 3.4% from $435,000 in May of 2016 and up 7.5% from $418,750 last month. The Average Sales Price in May was $497,476, down -0.8% from $501,579 in May of 2016 and up 7.7% from $461,786 last month. May 2017 ASP was at a mid range compared to May of 2016 and 2015.The Total Inventory of Properties available for sale as of May was 344, up 4.9% from 328 last month and up 3.9% from 331 in May of last year. May 2017 Inventory was at highest level comp...