MarchReport-2014Prices

The Median North Shore Chicago Spring real estate sales price in March was up 25.3% compared to market action reporting totals in March of 2013 and up 4.0% from last month. The Average Sales Price in March was up 20.0% from final totals calculated in March of 2013 and up 15.9% from last month. March 2014 ASP was at highest level compared to March of 2013 and 2012.

Property Sales

March Chicago North Shore property sales were down -12.1% from figures calculated in March of 2013 and 30.4% higher than real estate sales totals last month. March 2014 sales were at their lowest level compared to March of 2013 and 2012. March YTD sales of 560 are running -3.9% behind last year’s year-to-date sales volumes.

Inventory & MSI

The Total North Shore Inventory of Properties available for sale as of March was up 3.3% compared to market action totals last month and down -17.7% from figures produced in March of last year. March 2014 Inventory was at the lowest level compared to March of 2013 and 2012. A comparatively lower MSI is more beneficial for North Shore sellers while a higher MSI is better for North Shore buyers. The March 2014 MSI of 4.9 months was at its lowest level compared with March of 2013 and 2012.

Market Time

The average Chicago North Shore Days on Market (DOM) shows how many days the average North Shore real estate 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 March was down -5.9% from 68 days last month and down -40.2% from 107 days in March of last year. The March 2014 DOM was at its lowest level compared with March of 2013 and 2012.

Inventory / New Listings / Sales

The summary view above of the North Shore market combines monthly inventory of Properties for sale along with New North Shore Listings and 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 Listings in March 2014 was up 23.6% from final market action figures produced last month and up 8.6% from totals in March of last year.

Award winning service, a reputation for top producing, high ranking, sincere and client centered results for over 25 years; Gloria Matlin is the real estate professional that can  make  your Chicago North Shore real estate dreams a reality! Look to her for in-depth detail on this and similar real estate outcomes, forecasts, summaries, comparable reporting, or even basic information on places to go and things to do in or near the North Shore communities of Chicago.  Gloria can be found in the top performing Coldwell Banker Residential Real Estate office-640 Vernon Avenue in downtown Glencoe, Illinois, 60022.

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