Even though Northbrook home sale prices in 2012 were up 9.2 percent compared with 2011, it’s still down 25.8 percent from 2006. The median sales price of a Northbrook home in 2012 was $486,000.
Zillow Chief Economist Stan Humphries told Chicago Magazine the Chicago housing market has hit "rock bottom" and is not expected to rebound too quickly. The summer is exported to be an opportune time to buy when more houses typically go on the market, according to the article.
From there, home prices are expected to increase by .8 percent by the end of the second quarter of 2013 and by five percent by the end of the second quarter in 2014, according to the article.
Here's a look at median home sales prices around the North Shore:
Median Sales Price in 2012
Percent Change Since 2006
Percent Change Since 2011