Northbrook IL Real Estate Market Action Report May 2010
April property unit sales were 38, up 40.7% from 27 in April of 2009 and -2.6% lower than the 39 sales last month. April 2010 sales were at their highest level compared to April of 2009 and 2008. April YTD sales of 132 are running 88.6% ahead of last year's year-to-date sales of 70.
The median sales price in April was $405,000, down -6.9% from $435,000 in April of 2009 and up 68.8% from $240,000 last month. The Average Sales Price in April was $415,120, down -22.0% from $531,933 in April of 2009 and up 20.1% from $345,765 last month. April 2010 ASP was at the lowest level compared to April of 2009 and 2008. April YTD sales of 132 are running 88.6% ahead of last year's year-to-date sales of 70.
The total inventory of properties available for sale as of April was 477, up 6.5% from 448 last month and down -13.3% from 550 in April of last year. April 2010 Inventory was at its lowest level compared with April of 2009 and 2008.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2010 MSI of 12.6 months was at its lowest level compared with April of 2009 and 2008.
The average days on market (DOM) is how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for April was 139, up 11.2% from 125 days last month and up 13.0% from 123 days in April of last year. The April 2010 DOM was at a mid level compared with April of 2009 and 2008.


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