🏡Glenview Real Estate Update – August
The Glenview real estate market in August shows a shift towards increasing inventory and slowing buyer activity. The rise in active listings suggests more homes are coming onto the market, giving buyers more options. However, the decline in closed sales and under contract listings points to a reduction in buyer engagement.
The significant month-over-month decrease in homes under contract, down 23.53%, indicates that fewer buyers are committing to purchases, while the year-over-year decline of 29.73% suggests that the market is not as fast-moving as it was last year. This combination of higher inventory and fewer sales may create opportunities for buyers, but sellers might need to adjust expectations or pricing to match the slower demand.
In summary, Glenview’s market is currently characterized by increasing inventory and decreasing buyer activity, signaling a potential shift towards a more balanced or buyer-friendly environment. Sellers may need to be strategic in pricing, while buyers could have more negotiating power with a larger selection of homes.
Contact The Schneider Group at 847.347.6288 for more details or to discuss your real estate needs in this changing market.