Market-August2013Property Sales

Outstanding pre-fall Chicago North Shore market action reports; August North Shore property sales were up 13.4% from sale totals in August of 2012 and -1.5% lower than the sales results last month. August 2013 sales were at their highest level compared to August of 2012 and 2011. August YTD sales are running 25.3% ahead of last year’s year-to-date sales.

Prices

The Median North Shore-Chicago sales Price in August was up 2.0% compared to data results in August of 2012 and up 1.0% from last month. The Average Sales Price in August was up 6.3% compared to sales figures in August of 2012 and up 5.1% from last month. August 2013 ASP was at highest level compared to August of 2012 and 2011.

Inventory & MSI

The Total Inventory of North Suburban properties available for sale as of August 2013 was down -11.0% from  last month and down -32.7% from  reports released in August of last year. August 2013 Inventory was at the lowest level compared to August of 2012 and 2011.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2013 MSI of 2.7 months was at its lowest level compared with August of 2012 and 2011.

Market Time

The average Chicago-North Shore 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 North Shore Buyer’s market, a downward trend a move towards more of a North Shore Seller’s market. The DOM for August was 50, down -9.1% from 55 days last month and down -34.2% from 76 days in August of last year. The August 2013 DOM was at its lowest level compared with August of 2012 and 2011.

Inventory / New Listings / Sales

The image above of the market combines monthly inventory of Chicago Northern Shore Properties for sale along with New North Shore Listings and Sales. The provided above calculations show the basic annual seasonality of the North Shore market as well as the relationship between these items. The number of New North Shore Listings in August 2013 was down -18.8% from last month and up 9.8% from August of last year 2012.

Sustained Realtor sales performance, top producing results, enthusiasm, an accurate pulse on the North Shore market, over two decades of trusted real estate experience, repeated national recognition for personalized luxury real estate service; these phrases describe Gloria Matlin, the consummate Chicago North Shore real estate professional.  Stop by her high ranking Coldwell Banker office in Glencoe for a review of similar and various market reports, analysis, history or general area information- 640 Vernon Ave, Glencoe, Illinois-60022.

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