Linclonshire IL Real Estate Market Action Report August 2010
The Total Inventory of Properties available for sale as of July was 137, down -1.4% from 139 last month and down -11.6% from 155 in July of last year. July 2010 Inventory was at its lowest level compared with July of 2009 and 2008.
The Median Sales Price in July was $492,500, up 20.9% from $407,250 in July of 2009 and up 1.8% from $483,750 last month. The Average Sales Price in July was $567,250, up 24.7% from $454,938 in July of 2009 and up 5.7% from $536,844 last month. July 2010 ASP was at a mid range compared to July of 2009 and 2008.
July Property sales were 14, up 75.0% from 8 in July of 2009 and -12.5% lower than the 16 sales last month. July 2010 sales were at their highest level compared to July of 2009 and 2008. July YTD sales of 58 are running 20.8% ahead of last year's year-to-date sales of 48.
The July 2010 Months Suply of Inventory of 9.8 months was at its lowest level compared with July of 2009 and 2008. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
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 July 2010 Selling Price vs Original List Price of 89.0% was up from 85.2% last month and down from 92.7% in July 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 July was 111, down -20.7% from 140 days last month
and up 192.1% from 38 days in July of last year. The July 2010 DOM was at a mid level compared with July
of 2009 and 2008.


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