Winnetka IL Real Estate Market Action Report July 2010

The Total Inventory of Properties available for sale as of June was 236, down -2.1% from 241 last month and down -7.8% from 256 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 $1,100,000, up 3.8% from $1,060,000 in June of 2009 and up 29.2% from $851,250 last month. The Average Sales Price in June was $1,256,325, down -3.5% from $1,302,417 in June of 2009 and up 18.5% from $1,060,595 last month. June 2010 ASP was at the lowest level compared to June of 2009 and 2008.


June Property sales were 29, up 20.8% from 24 in
June of 2009 and 81.3% higher than the 16 sales last month. June 2010 sales were at their highest level compared to June of 2009 and 2008. June YTD sales of 97 are running 64.4% ahead of last year's year-to-date sales of 59.

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 8.1 months was at its lowest 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 89.9% was up from 88.6% last month and up from 86.4% 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 100, down -44.1% from 179 days last month and down -3.8% from 104 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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