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Evanston IL Real Estate Market Action Report March2013
By Art Wilson, Realtor
Evanston's February Property sales were 43, up 19.4% from 36 in February of 2012 and -10.4% lower than the 48 sales last month. February 2013 sales were at their highest level compared to February of 2012 and 2011. February YTD sales of 91 are running 5.8% ahead of last year's year-to-date sales of 86.
The Median Sales Price in February was $224,900, down -10.0% from $250,000 in February of 2012 and up 7.0% from $210,250 last month. The Average Sales Price in February was $286,142, down -30.1% from $409,111 in February of 2012 and up 5.9% from $270,327 last month. February 2013 ASP was at the lowest level compared to February of 2012 and 2011.
The Total Inventory of Properties available for sale as of February was 261, down -4.7% from 274 last month and down -47.4% from 496 in February of last year. February 2013 Inventory was at the lowest level compared to February of 2012 and 2011.
The February 2013 Months Supply of Inventory of 6.1 months was at its lowest level compared with February of 2012 and 2011. A comparatively lower MSI is more beneficial for sellers while a higher MSI ... more

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