Winnetka IL Real Estate Market Action Report August 2010

The Total Inventory of Properties available for sale as of July was 237, equal to 237 last month and down -8.1%

from 258 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 $1,170,000, up 33.0% from $880,000 in July of 2009 and up 10.0% from $1,063,500 last month. The Average Sales Price in July was $1,222,381, down -4.4% from $1,278,217 in July of 2009 and down -1.0% from $1,234,281 last month. July 2010 ASP was at the lowest level compared to July of 2009 and 2008.

July Property sales were 21, down -8.7% from 23 in July of 2009 and -30.0% lower than the 30 sales last month. July 2010 sales were at a mid level compared to July of 2009 and 2008. July YTD sales of 119 are running 45.1% ahead of last year's year-to-date sales of 82.

The July 2010 Months Supply of Inventory of 11.3 months was at a mid 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

89.1% was down from 89.9% last month and up from 84.8% 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 100, up 2.0% from 98 days last month and

down -28.6% from 140 days in July of last year. The July 2010 DOM was at its lowest level compared with

July of 2009 and 2008.

 

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