Closed sale prices
These show completed transactions. Compare similar homes and a clear time period; a change in the mix of homes sold can move a median without changing every home's value.
Blake Galler
Broker Blake | Baird & Warner
Make the market numbers useful.
A headline about the housing market may have little to do with the home you're buying or selling. I can help you focus on the location, property type and price range that matter to your decision.
Four numbers worth putting in context
Available inventory
Look at the actual alternatives in your search or selling category. A count for an entire town may include homes that aren't comparable.
Time on market
Check how the source defines it and whether it counts prior listings. Compare the relevant property type and period before drawing a conclusion.
Also review the relationship between list and sale prices, including which list-price measure the report uses. A percentage without a definition can be misleading.
What I would include in your market review
- The geographic area and property type being compared.
- The reporting period and source of the data.
- Relevant closed sales and current competition.
- Important differences in condition, size and features.
- The practical implications for your search or pricing discussion.
Choose your market
Planning a sale or purchase?
Tell me the address or the kind of home you're considering. I can help you review relevant information and separate general market discussion from the details of that property.
This page explains how to read market information. It does not present a live MLS feed or a current statistical market report.
Questions I hear from clients
Does a rising median mean my home is worth more?
Not necessarily. The mix of properties sold can change. A property-specific comparison is more useful for a pricing decision.
Should I wait for a better market?
That depends on your options, finances and timing as well as market conditions. We can discuss those factors without assuming anyone can predict the market.
How do I request a local update?
Contact me with the location, property type and whether you're buying or selling. If you're asking about a particular home, include the address.
CONTACT BLAKE GALLER
Ask about your part of the market.
A focused question usually leads to a more useful answer than a townwide headline.
Blake Galler
REALTOR® | Broker Blake | Baird & Warner
Baird & Warner, Evanston2926 Central Street
Evanston, IL 60201
Serving Evanston, Chicago, Wilmette, Skokie and the North Shore.
Photography credits
Evanston aerial: Cityofevanston, Wikimedia Commons, CC0. Cropped for display.
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