In Chicago’s North Shore housing market, we’re seeing some interesting data that comes as a direct result of increased federal interest rates. During the pandemic, interest rates were at a historic low. In the spring of 2022, the Federal Reserve began raising rates in an effort to ease inflation and slow down the market. Now, we’re clearly seeing the impact, and it may surprise you!
The spring market is one the busiest times of the year for both buyers and sellers, and March marks the halfway point of this spring real estate season in Chicago’s North Shore. Now that we’re a few months into 2023, we want to take a minute to give a real estate market update for New Trier Township. In this article, we’ll look at how the market has changed since the end of 2022, where the market is at this point in 2023, and what this all means for both buyers and sellers.
New Trier Township includes Wilmette, Winnetka, Kenilworth, Glencoe, and parts of Northfield and Glenview. There are about 21,000 housing units and 57,000 residents within New Trier. In this video, we recap the 2021 market for all of New Trier and look at how the year shaped up for both buyers and sellers.
New Trier Township, one of 29 townships on Chicago’s North Shore, includes Wilmette, Winnetka, Kenilworth, Glencoe, and parts of Northfield and Glenview. In this video, we share an update on what we’re currently seeing in the housing market in New Trier. If you’re considering buying or selling in New Trier, don’t miss this market update!
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