Property Sales

North Shore-Glencoe Market Action Reports indicate August 2012 Property sales were  up 85.7% vs. August 2011 market conditions, and 52.9% higher than real estate data posted last month-July2012. August 2012 sales were at their highest level compared to August of 2011 and 2010 sales volume. August YTD sales ran 14.1% ahead of last year’s year-to-date sales outcome.

Prices

The Median Chicago-North Shore Sales Price in August down -12.2% from data compiled in August of 2011 and down -13.1% from last month’s reporting. The Average Sales Price in August was up 2.3% compared to August of 2011 and up 11.6% from last month’s real estate conditions. August 2012 ASP was at highest level compared to August of 2011 and 2010.

Inventory & MSI

The total Inventory of North Suburban Properties available for sale as of August was down -2.4% from last month and down -37.7% from  August of last year. August 2012 Inventory was at the lowest level compared to August of 2011 and 2010 volume.

A comparatively lower MSI is more beneficial for North Shore sellers while a higher MSI is better for North Shore buyers. The August 2012 MSI of 3.1 months was at its lowest level compared with August of 2011 and 2010.

Market Time

The average Days On Market for Chicago North Shore property (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 North Shore Buyer’s market, a downward trend a move towards more of a North Shore Seller’s market. The DOM for August was down -39.2% from 120 days last month and down -27.7% from 101 days in August of last year. The August 2012 DOM was at its lowest level compared with August of 2011 and 2010.

Inventory / New Listings / Sales

The photo above provides a view of the Chicago North Suburban market combining monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the North Shore-Glencoe market as well as the relationship between these items. The number of New Listings in August 2012 was up 8.7% from last month and up 13.6% compared to August of last year-2011.

The report above can be discussed and reviewed by any of our highly skilled, top performing Glencoe Coldwell Banker office Broker-Associates.  Our office is located at 640 Vernon Ave in the heart of downtown Glencoe, Illinois-60022.  We look forward to assisting you!

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