Lincolnshire IL Real Estate Market Action Report December 2011
Lincolnshire’s November Property sales were 5, up 66.7% from 3 in November of 2010 and -50.0% lower than the 10 sales last month. November 2011 sales were at a mid level compared to November of 2010 and 2009. November YTD sales of 95 are running 6.7% ahead of last year's year-to-date sales of 89.
The Median Sales Price in November was $455,000, up 13.8% from $400,000 in November of 2010 and up 42.2% from $320,000 last month. The Average Sales Price in November was $386,200, up 9.5% from $352,667 in November of 2010 and up 16.0% from $332,950 last month. November 2011 ASP was at a mid range compared to November of 2010 and 2009.
The Total Inventory of Properties available for sale as of November was 96, up 2.1% from 94 last month and down -17.2% from 116 in November of last year. November 2011 Inventory was at the lowest level compared to November of 2010 and 2009.
The November 2011 Months Supply of Inventory of 19.2 months was at a mid range compared with November of 2010 and 2009. 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 43, down -79.3% from 208 days last month and down -85.6% from 299 days in November of last year. The November 2011 DOM was at its lowest level compared with November of 2010 and 2009.
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 2011 Selling Price vs Original List Price of 90.7% was up from 78.0% last month and up from 78.4% in November of last year.
The number of New Listings in November 2011 was 11, up 37.5%
from 8 last month and down -8.3% from 12 in November of last year.


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