Glenview IL Real Estate Market Action Report July 2010
The Total Inventory of Properties available for sale as of June was 640, up 2.2% from 626 last month and down -
17.7% from 778 in June of last year. June 2010 Inventory was at a mid level compared with June of 2009 and
2008.
The Median Sales Price in June was $488,000, up 36.0% from $358,750 in June of 2009 and up 16.2% from $420,000 last month. The Average Sales Price in June was $520,969, up 21.0% from $430,466 in June of 2009 and down -14.2% from $607,158 last month. June 2010 ASP was at a mid range compared to June of 2009 and 2008.
June Property sales were 81, up 76.1% from 46 in June of 2009 and 55.8% higher than the 52 sales last month. June 2010 sales were at their highest level compared to June of 2009 and 2008. June YTD sales of 283 are running 70.5% ahead of last year's year-to-date sales of 166.
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 7.9 months was at its lowest level compared with June of 2009 and 2008.
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 120, equal to 120 days last month and up 36.4% from 88 days in June of last year. The June 2010 DOM was at a mid 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 86.1% was down from 86.8% last month and down from 88.5% in June of last year.


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