April 01, 2024 at 3:57pm | Marla Schneider
Northbrook March Real Estate Market Update

In the Northbrook Real Estate Snapshot for March, the market displays notable trends. Active listings have decreased by 10.00% compared to the prior month and experienced a significant decline of 47.67% from the same period last year, indicating a reduction in available inventory. Conversely, closed deals have seen a slight increase of 3.13% from the previous month, although there's a notable decrease of 36.54% year-over-year, suggesting some stabilization in sales activity. Meanwhile, the number of properties under contract has surged by 27.08% from the prior month, indicating heightened buyer interest, although there's a decrease of 21.31% compared to the same period last year. Overall, while the inventory remains constrained, the market exhibits resilience with continued buyer engagement, making it a dynamic time for real estate transactions in Northbrook.

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