Lincolnshire IL Real Estate Market Action Report July 2010

The Total Inventory of Properties available for sale as of June was 136, down -8.7% from 149 last month and down -4.9% from 143 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 $483,750, up 2.9% from $470,000 in June of 2009 and up 16.2% from $416,250 last month. The Average Sales Price in June was $536,844, up 22.9% from $436,861 in June of 2009 and up 18.3% from $453,948 last month. June 2010 ASP was at a mid range compared to June of 2009 and 2008.

June Property sales were 16, down -11.1% from 18 in June of 2009 and 33.3% higher than the 12 sales last

month. June 2010 sales were at a mid level compared to June of 2009 and 2008. June YTD sales of 44 are running 10.0% ahead of last year's year-to-date sales of 40.

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 8.5 months was at a mid level compared with June of 2009 and 2008.

The Selling Price vs Original Listing Price shows 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 85.2% was down from 88.4% last month and up from 83.6% 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 140, up 25.0% from 112 days last month and

down -14.6% from 164 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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