Property Sales

North Shore real estate data compiled for July 2012, reported property sales up 70.0% from July of 2011 and -22.7% lower than sales in the month of June2012. July 2012 sales were at their highest level compared to July of 2011 and 2010. July YTD sales are running 2.4% ahead of last year’s year-to-date volume figures.

Prices

Chicago’s North Suburban Median Sales Price in July was up 83.1% based on 2011 data and down -12.3% from last month. The Average Sales Price in July2012 was up 43.1% based on 2011 reports and down -13.5% from last month. July 2012 ASP was at a mid range compared to July of 2011 and 2010.

Inventory & MSI

The Total Inventory of Properties for Chicago’s North Shore-Glencoe, available for sale as of July was 79, down -8.1% from 86 last month and down -42.3% from 137 in July of last year. July 2012 Inventory was at the lowest level compared to July of 2011 and 2010.

A comparatively lower MSI is more beneficial for North Shore sellers while a higher MSI is better for North Shore buyers. The July 2012 MSI of 4.6 months was at its lowest level compared with July of 2011 and 2010.

Market Time

The average Days On Market (DOM) shows how many days the average North Shore Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a North Shore Buyer’s market, a downward trend a move towards more of a North Shore Seller’s market. The DOM for July was 120, up 25.0% from 96 days last month and up 69.0% from 71 days in July of last year. The July 2012 DOM was at its highest level compared with July of 2011 and 2010.

Inventory / New Listings / Sales

The picture above provides a view of the market combining monthly inventory of North Shore Properties for sale along with New North Shore Listings and Closed Sales. The graph shows the basic annual seasonality of the North Shore market as well as the relationship between these items. The number of new North Shore-Glencoe Listings in July 2012 was 23, down -4.2% from 24 last month and down -32.4% from 34 in July2011 of last year.

With over 45 years of reliable and unparalleled service, any of our North Suburban-Glencoe real estate agents and/or brokers can assist you. We are located in the main downtown area of Glencoe, IL-640 Vernon Ave, 60022-Coldwell Banker Residential Real Estate office.

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