June2014-GM-MarketActionMarket Time

Summer 2014 North Shore – Chicago real estate figures surge with the average Days On Market (DOM) showing 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 Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for June was 50, down -5.7% from 53 days last month and down -27.5% from 69 days in June of last year. The June 2014 DOM was at its lowest level compared with June of 2013 and 2012.

Selling Price vs Listing Price

The North Shore Selling Price vs Listing Price reveals the average amount that 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 June 2014 Selling Price vs List Price of 96.6% was up from 96.3% last month and up from 96.4% in June of last year.

Property Sales

June North Shore Property sales were down -10.8% from calculated real estate totals in June of 2013 and 30.9% higher than real estate sales last month. June 2014 sales were at a mid-level compared to June of 2013 and 2012. June YTD sales of 1,651 are running -12.2% behind last year’s year-to-date sales of 1,880.

Prices

The Median Chicago-North Shore Sales Price in June was down -1.7% from real estate volume totals in June of 2013 and down -5.7% from last month. The Average Sales Price in June was up 0.1% from final outcomes June of 2013 and down -3.5% from last month. June 2014 ASP was at highest level compared to June of 2013 and 2012.

Inventory & MSI

The Total Inventory of Properties available for sale as of June was up 6.8% compared to last month and up 5.2% from June of last year. June 2014 Inventory was at a mi- range compared to June 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 June 2014 MSI of 3.5 months was at a mid-range compared with June of 2013 and 2012.

Ongoing top tier performance, exemplary, personable service, a comprehensive approach to client needs, over 25 years of dedicated real estate expertise, an accurate pulse on North Shore real estate trends/market conditions, marketing savvy, and a profound appreciation for technology as well as informative engagement on social media; Gloria Matlin is the consummate real estate professional on the Northern Shores of Chicago. She can be found in the top producing Coldwell Banker residential real estate office of Glencoe, Illnois-640 Vernon Ave., 60022.

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