Northbrook IL Real Estate Market Action Report July 2010

The Total Inventory of Properties available for sale as of June was 499, up 5.7% from 472 last month and down -

15.4% from 590 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 $367,500, up 9.7% from $335,000 in June of 2009 and up 1.2% from $363,250 last month. The Average Sales Price in June was $418,511, down -4.1% from $436,276 in June of 2009 and up 6.5% from $393,123 last month. June 2010 ASP was at the lowest level compared to June of 2009 and 2008.

June Property sales were 74, up 89.7% from 39 in June of 2009 and 54.2% higher than the 48 sales last month. June 2010 sales were at their highest level compared to June of 2009 and 2008. June YTD sales of 256 are running 75.3% ahead of last year's year-to-date sales of 146.

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 6.7 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 126, up 5.0% from 120 days last month and up

5.0% from 120 days in June of last year. The June 2010 DOM was at a mid level compared with June of 2009

and 2008.

MARKET ACTION REPORT

 

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