JulyMarket-2013Property Sales

North Shore-Chicago July 2013 Property sales were up 28.0% from figures in July of 2012 and -4.6% lower than the market action sales reporting last month.  July 2013 North Shore sales were at their highest level compared to July of 2012 and 2011. July YTD sales are running 27.8% ahead of last year’s year-to-date sales volume outcomes.

Market Time

The average North Shore Days on Market (DOM) shows how many days the average Property is on the North Shore 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 56, down -18.8% from 69 days last month and down -47.2% from 106 days in July of last year. The July 2013 DOM was at its lowest level compared with July of 2012 and 2011.

Inventory & MSI

The Total Inventory of North Shore Properties available for sale as of July was down -1.0% from last month and down -31.2% in comparison to July of last year. July 2013 Inventory was at the lowest level compared to July of 2012 and 2011.

A comparatively lower (monthly Supply of Inventory) MSI is more beneficial for North Shore sellers while a higher MSI is better for North Shore buyers. The July 2013 MSI of 2.8 months was at its lowest level compared with July of 2012 and 2011.

Selling Price vs. Listing Price

The North Shore-Chicago Selling Price vs. Listing Price reveals the average amount that North Shore Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a North Shore Buyer’s market exists, a ratio at or above 100% indicates more of a North Shore Seller’s market. The July 2013 Selling Price vs. List Price of 96.7% was up from 96.3% last month and up from 94.0% in July of last year.

Inventory / New Listings / Sales

The collective North Shore view of the market above combines monthly inventory of Chicago-North Shore Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the North Shore markets as well as the relationship between these items. The number of New Listings in July 2013 down -5.6% from last month and up 22.6% as opposed to market action calculations produced for July of last year.

Gloria Matlin…within the elite group of highest performing 1% of Realtors nationally, she remains amiable yet tenacious. A long standing real estate professional for over 25 years, a Chicago North Suburban resident, she is the consummate guide to the Northern Shore communities.  Her expertise in market trends, relocation, reports, analysis, marketing, even having a pulse on North Shore places to go or things to do are centered on ensuring optimal client satisfaction. She is located within the top producing Coldwell Banker Residential Real Estate office of Glencoe, Illinois-640 Vernon Ave, 60022.

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