🏡 Northbrook Real Estate Update – July!
The Northbrook real estate market is currently experiencing a moderate increase in inventory, as reflected by the rise in active listings. This provides more choices for buyers, which could lead to a more balanced market. The steady increase in closed sales suggests that demand remains stable and properties are continuing to sell at a consistent rate.
However, the slight decrease in under contract listings may signal a potential cooling trend or a temporary reduction in buyer urgency. Despite this, the overall market conditions remain favorable for both buyers and sellers, with stable transaction volumes and an increasing number of listings.
In summary, the Northbrook real estate market is characterized by a steady increase in inventory and consistent buyer activity. Sellers can benefit from the stable demand, while buyers have a growing number of properties to choose from. Monitoring the trends in under contract listings will be important to understand any potential shifts in market dynamics.
Reach out to The Schneider Group at 847.347.6288 to explore your options.