Northbrook Real Estate Market Update

I'm not sure if you feel the same way but lately every time I turn on the television, read a newspaper or launch my Web Browser I am overwhelmed by negative images and information that I see related to Real Estate. Most of the time, the information provided is either too general or not related to a market that pertains to me. That said, I thought I would take this opportunity to provide you with some statistics that I think are relevant to the Northbrook Real Estate Market. I will be updating this periodically and also plan to blog each week about specific neighborhoods in the Northbrook community and their pros/cons, activity levels, etc. I encourage you to follow my posts at UrbanToBurban or check back frequently and let me know if there is a particular topic or area that you would like to see covered.

Here goes nothing…

Per MLSNI, as of today's date below is a Snapshot of the Northbrook Real Estate Market's Activity as it relates to Single Family Homes for the past year (some of these statistics are eye-opening):

Month	Months Supply of Inventory	Active Listings	Active - Average Days On Market	Under Contract	Under Contract- Average Days On Market	Sold	Sold - Average Days on Market	Sold Average $	Sold Median $	Median $ as a % on Average $
June-09	9.647	403	148.75	34	96.59	23	113.70	$531,130	$477,000	89.8%
May-09	12.615	390	154.66	26	96.58	32	126.91	$623,591	$477,700	76.6%
April-09	11.429	384	158.43	28	124.86	18	100.33	$687,344	$697,500	101.5%
March-09	11.607	384	162.10	28	121.93	16	151.75	$588,469	$467,500	79.4%
Feb-09	17.722	368	163.72	18	112.78	7	85.71	$408,461	$385,000	94.3%
Jan-09	16.833	358	163.56	18	98.33	6	158.33	$466,250	$462,500	99.2%
Dec-08	33.333	359	167.92	9	137.22	15	120.00	$637,667	$580,000	91.0%
Nov-08	25.231	388	152.41	13	122.23	15	96.00	$542,067	$540,000	99.6%
Oct-08	23.533	415	143.47	15	118.93	23	93.17	$761,087	$575,000	75.5%
Sept-08	20.941	429	135.64	17	110.88	18	65.94	$531,111	$541,000	101.9%
August-08	16.000	443	131.88	23	84.70	34	74.85	$638,728	$602,500	94.3%
July-08	17.762	424	123.66	21	71.86	35	100.00	$675,965	$617,500	91.4%
June-08	11.194	419	119.60	31	79.74	29	94.45	$728,176	$608,000	83.5%

As always, I encourage comments and questions from anyone with information or opinions.