Lake Forest IL Real Estate Market Action Report July 2010

The Total Inventory of Properties available for sale as of June was 416, up 2.2% from 407 last month and down -

5.9% from 442 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 $937,500, down -5.1% from $987,500 in June of 2009 and up 58.9% from $590,000 last month. The Average Sales Price in June was $1,005,881, down -8.4% from $1,097,917 in June of 2009 and up 41.7% from $709,709 last month. June 2010 ASP was at the lowest level compared to June of 2009 and 2008.

June Property sales were 40, up 122.2% from 18 in June of 2009 and 90.5% higher than the 21 sales last month. June 2010 sales were at their highest level compared to June of 2009 and 2008. June YTD sales of 137 are running 87.7% ahead of last year's year-to-date sales of 73.

A comparatively lower Months Sully of inventory is more beneficial for sellers while a higher MSI is better for buyers. The June 2010 MSI of 10.4 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 137, up 5.4% from 130 days last month and

down -36.0% from 214 days in June of last year. The June 2010 DOM was at its lowest level compared with

June of 2009 and 2008.

 

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