Glencoe Il Real Estate Market Action Report July 2010

The Total Inventory of Properties available for sale as of June was 141, up 1.4% from 139 last month and down -

7.8% from 153 in June of last year. June 2010 Inventory was at its lowest level compared with June of 2009 and

2008.

The Median Sales Price in June was $900,000, down -22.6% from $1,162,500 in June of 2009 and up 28.6% from $700,000 last month. The Average Sales Price in June was $878,248, down -40.2% from $1,468,214 in June of 2009 and down -7.6% from $950,967 last month. June 2010 ASP was at the lowest level compared to June of 2009 and 2008.

June Property sales were 9, down -35.7% from 14 in June of 2009 and -35.7% lower than the 14 sales last month. June 2010 sales were at their lowest level compared to June of 2009 and 2008. June YTD sales of 53 are running 29.3% ahead of last year's year-to-date sales of 41.

A comparatively lower Months Supply of Inventory is more beneficial for sellers while a higher MSI is better for buyers. The June 2010 MSI of 15.7 months was at its highest level compared with June of 2009 and 2008.

The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down

from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The June 2010 Selling Price vs Original List Price of 85.0% was up from 84.4% last month and down from 89.8% in June of last year.

The average Days On Market (DOM) shows 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 June was 150, up 14.5% from 131 days last month and

up 150.0% from 60 days in June of last year. The June 2010 DOM was at a mid level compared with June of 2008 and 2009.

 

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