Glencoe IL Real Estate Market Action Report January 2012
Glencoe's December Property sales were 11, up 10.0% from 10 in December of 2010 and 37.5% higher than the 8 sales last month. December 2011 sales were at a mid level compared to December of 2010 and 2009. December YTD sales of 137 are running 24.5% ahead of last year's year-to-date sales of 110.
The Median Sales Price in December was $712,000, up 24.6% from $571,500 in December of 2010 and down -28.4% from $993,750 last month. The Average Sales Price in December was $800,136, down -8.0% from $869,500 in December of 2010 and down -38.5% from $1,301,563 last month. December 2011 ASP was at the lowest level compared to December of 2010 and 2009.
The Total Inventory of Properties available for sale as of December was 84, down -12.5% from 96 last month and down -20.0% from 105 in December of last year. December 2011 Inventory was at the lowest level compared to December of 2010 and 2009.
The December 2011 Months Supply of Inventory of 7.6 months was at its lowest level compared with December of 2010 and 2009. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
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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 December was 88, down -60.5% from 223 days last month and down -8.3% from 96 days in December of last year. The December 2011 DOM was at its lowest level compared with December of 2010 and 2009.
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Categories: Glencoe IL Home Prices, Chicago North Shore Home Prices, Glencoe Il Real Estate, Glencoe Illinois, Chicago North Shore Real Estate
Tags: Chicago North Shore Real Estate Glencoe IL Home Prices Glencoe Real Estate
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