The National Association of Realtors reported that the annual sales pace in December reached 4.6 million homes, up 5% from November’s pace and 3.6% from a year ago.

Local Real Estate Market Glenview, Northbrook, Morton Grove.

 MARKET SUMMARY -GLENVIEW

MARKET SUMMARY -NORTHBROOK

MARKET SUMMARY -MORTON GROVE

CHICAGOLAND MARKET WATCH

National: It was the third straight month of improvement in the pace of sales. The fourth-quarter sales volume lifted full-year sales to 4.26 million homes, up 1.7% from 2010 levels.

The median price was $164,500 in December, down 2.5% from a year ago. For the full year, the median price of $166,100 was off 3.9% from 2010 levels.

Foreclosures made up 21% of all sales, while short sales were 12%. Both figures were comparable to 2010.

• School Report Cards

This issue focuses on a year that saw greater stablization in our market, units were flat and prices took a 6% step down, as distressed properties have sync’ed up with the market sales trendline. The real story is the continued decline of interest rates throughout the year, as we start 2012 below 4% which is more than a full point lower than this time last year. Real Estate Market Newsletter

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Upscale building. Beautiful, spotless and sunny unit-2 bedrooms, 2 baths and a den. Lots of upgrades. Kitchen with granite counter tops and ceramic tile. Large laundry room. Balcony with great view. 2 car heated garage with wash stall. Party room & exercise room. Walking distance to metra

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