Highland Park Il Real Estate Market Action Report July 2010

The Total Inventory of Properties available for sale as of June was 434, down -1.1% from 439 last month and down -15.7% from 515 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 $394,500, up 4.5% from $377,500 in June of 2009 and up 12.9% from $349,375 last month. The Average Sales Price in June was $565,160, up 4.4% from $541,287 in June of 2009 and up 6.1% from $532,784 last month. June 2010 ASP was at a mid range compared to June of 2009 and 2008.

June Property sales were 56, up 80.6% from 31 in June of 2009 and 40.0% higher than the 40 sales last month. June 2010 sales were at their highest level compared to June of 2009 and 2008. June YTD sales of 207 are running 113.4% ahead of last year's year-to-date sales of 97.

A comparatively lower Months Supply of Inventoryis more beneficial for sellers while a higher MSI is better for buyers. The June 2010 MSI of 7.8 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 176, up 16.6% from 151 days last month and

up 32.3% from 133 days in June of last year. The June 2010 DOM was at a mid level compared with June of

2009 and 2008.

 

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