I am finding that now that the spring weather has arrived, the buyers are out looking again. The activity level depends on the price point- every year there is a "chain of dominoes" that sets up, with the first homes selling to first time buyers. The sellers of those homes then buy a larger home, and the seller of those larger homes then buy, etc., etc.

Right now homes in the $600,000-$700,000 range are moving. I just sold a home near downtown that was priced at $719,000 before it went on open market- I knew of an agent working with a motivated transferree buyer, and they bought. This is happening now because the transferree buyers are starting to buy, looking to close and move in this summer before the new school year starts .

Anne, I just wrote an article on my blog about this. Number of homes being sold is down slightly, prices are also down. But there are buyers out there. They are VERY selective. See article at http://www.ChicagoNorthShore.typepad.com. Things are selling, but the buyers are looking for good deals!

Real Estate in Highland Park has been in decline over the last year an a half.

We've had fewer sales, and at slightly reduced prices (94-96% compared to 2006), but we've seen a bit of a resurgence in the last few months, which are typically dead, so we're somewhat hopeful that the spring market will be decent. We were down, but we're not out! :--)

cross your fingers for us, willya?