Market activity varies from place to place, but since you're a Glencoe resident, info about the New Trier community is most pertinent for you. While the villages of Wilmette, Kenilworth, Winnetka, Glencoe, and Northfield have homeowners of various ages and stages of life, New Trier High School and its elementary feeder districts overwhelmingly attract families with school-age children--and those with young ones soon to be entering school. Of course, the excellent recreational facilities, proximity to the lake and easy commute to Chicago are also draws to the New Trier area. Thus, since these villages have such a strong focus on family life, the real estate market revolves significantly around the school calendar. Generally, the most active market begins shortly after the Super Bowl football game--sounds odd, I know, but late January/early February finds families finished with the holidays and ready to make plans as the new year unfolds. Since the average time between the signing of a purchase contract and closing on that purchase is 60 days, beginning a home search in late winter allows potential buyers the chance to explore communities and neighborhoods as well as available homes. Most families want to move into their new homes during the summer months and be settled before the new school year begins, so we usually see a surge of homes going under contract in the mid to late spring. This is therefore the most competitive time of year for both buyers and sellers--more inventory and more buyers.
Of course, people decide to move or are transferred at any time of the year; we usually see a less prominent surge of activity in September and October for people in these categories. Condos and homes that are geared more to empty nesters ( houses with one floor living) don't necessarily follow the same seasonal pattern as larger single family homes. Many buyers seeking these types of residences spend much or all of the winter months in warmer climates, so they're back here and looking more actively in the summer and fall.
I hope this helps give you a picture of the sales activity pattern that our local real estate market has traditionally experienced. Please let me know if you have any other questions or if you would like a market evaluation of your home.