Glenview IL Real Estate Market Action Report December 2010

Glenview's November Property sales were 39, down -9.3% from 43 in November of 2009 and 14.7 higher than the 34 sales last month. November 2010 sales were at a mid level compared to November of 2009 and 2008. November YTD sales of 476 are running 11.7% ahead of last year's year-to-date sales of 426.

The Median Sales Price in November was $440,000, up 38.6% from $317,500 in November of 2009 and up 15.8% from $380,000 last month. The Average Sales Price in November was $441,437, up 3.6% from $426,039 in November of 2009 and up 8.8% from $405,567 last month. November 2010 ASP was at a mid range compared to November of 2009 and 2008.


The Total Inventory of Properties available for sale as of November was 517, down -8.7% from 566 last month and down -17.7% from 628 in
November of last year. November 2010 Inventory was at the lowest level compared to November of 2009 and 2008. The November 2010 Months Supply of Inventory of 13.3 months was at its lowest level compared with November 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

November was 128, up 50.6% from 85 days last month and up 1.6% from 126 days in November of last year. The November 2010 DOM was at its highest level compared with November 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

November 2010 Selling Price vs Original List Price of 84.4% was down from 87.3% last month and down from 86.1% in November of last year. 

The number of New Listings in November 2010 was 70,
down -41.2% from 119 last month and down -11.4% from 79 in November of last year.

 

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