Market Update In Glenview: It’s a Tale of Two Markets in Glenview.
In general, the September and October housing markets on the North Shore were sluggish. There is still strength in some segments of the Glenview housing market. The average sales price for single family homes in Glenview is $618,224 (which represents a 5.1% decrease from last year). Homes priced under $750,000 have lower inventory, higher demand and have seen slightly rising prices over last year. Homes over $750,000 are seeing higher levels of inventory and prices decreasing. Take a look at the two charts below. Note that a 6 months supply of homes represents a balanced market. More than 6 months’ supply favors buyers while lower than 6 months’ supply favors sellers. As expected, lower supply results in increased demand which usually pushes prices higher.