Lincolnshire IL Real Estate Market Action Report November 2010
October Property sales were 10, up 100.0% from 5 in October of 2009 and 66.7% higher than the 6 sales last month. October 2010 sales were at their highest level compared to October of 2009 and 2008. October YTD sales of 86 are running 34.4% ahead of last year's year-to-date sales of 64.
The Median Sales Price in October was $422,500, down 17.2% from $510,000 in October of 2009 and up 35.9% from $311,000 last month. The Average Sales Price in October was $445,227, down 27.2% from $611,400 in October of 2009 and up 4.2% from $427,167 last month. October 2010 ASP was at the lowest level compared to October of 2009 and 2008. The Total Inventory of Properties available for sale as of October was 120, down 4.8% from 126 last month and down 12.4% from 137 in October of last year. October 2010 Inventory was at its lowest level compared with October of 2009 and 2008. The October 2010 Months Supply of Inventory of 12.0 months was at its lowest level compared with October of 2009 and 2008. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The average Days On Market (DOM) is how many days the average Property is on the market before itsells. 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 October was 151, up 84.1% from 82 days last month and up 54.1% from 98 days in October of last year. The October 2010 DOM was at a mid level compared with October of 2009 and 2008.
The Selling Price vs Original Listing Price is 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 October 2010 Selling Price vs Original List Price of 82.3% was down from 90.6% last month and down from 89.8% in October of last year.
The number of New Listings inOctober 2010 was 14, down 12.5% from 16 last month and down 26.3% from 19 in October of last year.


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