Northbrook IL Real Estate Market Action ReportNovember 2010
October Property sales were 41, up 20.6% from 34 in October of 2009 and 51.9% higher than the 27 sales last month. October 2010 sales were at their highest level compared to October of 2009 and 2008. October YTD sales of 399 are running 27.5% ahead of last year's year-to-date sales of 313.
The Median Sales Price in October was $375,000, up 11.1% from $337,500 in October of 2009 and down 5.1% from $395,000 last month. The Average Sales Price in October was $435,463, up 0.3% from $434,335 in October of 2009 and up 5.0% from $414,608 last month. October 2010 ASP was at a mid range compared to October of 2009 and 2008.
The Total Inventory of Properties available for sale as of October was 458, down 8.8% from 502 last month and down 12.4% from 523 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 11.2 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 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 October was 93, up 27.4% from 73 days last month and up 2.2% from 91 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 86.7% was down from 88.1% last month and down from 87.9% in October of last year.
The number of New Listings in October 2010 was 78, down 20.4% from 98 last month and up 16.4% from 67 in October of last year.
Categories: Chicago Real Estate, Chicago Home Prices, Northbrook IL Real Estate, Chicago Home Sales
Tags: Northbrook IL Real Estate - Selling your Home Chicago's North Shore Real Estate Buying a Northbrook Home
Bookmarked! Thank you for this awesome resource.
Reply to this
Hello, I discovered your blog in a new directory of blogs. I dont know how your blog came up. Your weblog looks good. Have a good day.
Reply to this
That is a helpful list. While inspiration should not be discounted planning and organizing are also critical.
Reply to this
Nice information, many thanks to the author. It is incomprehensible to me now, but in general, the usefulness and significance is overwhelming. Thanks again and good luck!
Reply to this
This is a fabulous aggregated resource for these templates. Many thanks for the post!
Reply to this
It is amazing that this project is being shared online. I visited the museum for the first time last May, a wish I’d had for a long time- it was fantastic
Reply to this
What a great idea to let us in this whole procedure.
Reply to this
I am looking forward to looked over way more of your current well written articles, have a pleasant day!
Reply to this
Excellent article, a great deal of valuable information.
Reply to this
Brilliant blog post, lots of helpful knowledge.
Reply to this
Seems like sellers of these things simply have another model for generating revenue. To this end, I’ll look for other, less expensive, marketing tools. Thanks for this hard research.
Reply to this
Best article, lots of intersting things to digest. Very informative
Reply to this
Hi there may I use some of the insight from this entry if I link back to you?
Reply to this
hey there I just wanted to comment your blog and say that I really enjoyed reading your blog post here. It was very informative and I also digg the way you write! Keep it up and I’ll be back to read more soon mate
Reply to this
You made some good points there. I did a search on the topic and found most people will agree with your blog.
Reply to this
I am not a person who is easily delighted but I have to say your work blew me away. So much ideas and relevant detaisl that you put into it made me see your point of view. Thanks for communicating your reasonable inputs.
Reply to this
Just saying thanks will not just be sufficient, for the tremendous lucidity in your writing. I will right away grab your rss feed to stay abreast of any updates.
Reply to this
I love it! Could perhaps be a tad more polished, but it’s far better than what we use at the moment, nonetheless
Reply to this
Hello, I have browsed most of your posts. This post is probably where I got the most useful information for my research. Thanks for posting, maybe we can see more on this.
Reply to this
This is a fabulous aggregated resource for these templates. Many thanks for the post!
Reply to this