Evanston Il Real Estate Market Action Report May 2010

April property sales were 96, up 182.4% from 34 in April of 2009 and 45.5% higher than the 66 sales last month. April 2010 sales were at their highest level compared to April of 2009 and 2008. April YTD sales of 224 are running 85.1% ahead of last year's year-to-date sales of 121.

The median sales price in April was $288,500, up 8.3% from $266,500 in April of 2009 and up 7.9% from $267,400 last month. The average sales price in April was $322,853, down -10.6% from $361,145 in April of 2009 and down -2.9% from $332,451 last month. April 2010 ASP was at the lowest level

compared to April of 2009 and 2008.

The Total Inventory of Properties available for sale as of April was 793, down -1.7% from 807 last month and down -7.0% from 853 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 8.3 months was at its lowest level compared with April of 2009 and 2008.

 

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