When will inventory loosen up on North Shore?

[Grlzrl]

Originally Posted by Hiruko

Glencoe and Highland Park are fairly different communities. There's not a lot of cross-shopping the two. Highland Park and Deerfield are more similar markets. Highland Park still has quite a selection of homes between $500k and $1mil. Perhaps you were spoiled by the number of listings you used to see 2 years ago? There still aren't enough Millennials to buy these Boomers' dated and overpriced homes. So, in coming years, I expect things to drift toward the way that things used to be—something resembling normal.



The sociopolitical demographic attracted to Highland Park and Deerfield, and Highland Park, in particular, tends to sympathize with the COVID-19 doomsdayers and union goons.

Agree.

[Logic87]

Probably when things open back up and the demand for urban living goes back to where it was a few years ago.

The interesting thing to note is one would think the low inventory would increase prices much more. From what I can gather, prices are up in most places but the increase isn’t as much as you would think (5-10% in most places) but the prices still have not exceeded those in 2008. However, the amount of days on market for a home has gone down considerably.

[wase4711]

Originally Posted by Hiruko

The sociopolitical demographic attracted to Highland Park and Deerfield, and Highland Park, in particular, tends to sympathize with the COVID-19 doomsdayers and union goons.

very astute and accurate observation!