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Lincolnshire IL Real Estate Market Action Report June 2017
By Art Wilson, Realtor
Lincolnshire’s May Property sales were 17, up 6.3% from 16 in May of 2016 and -15.0% lower than the 20 sales last month. May 2017 sales were at their highest level compared to May of 2016 and 2015. May YTD sales of 66 are running 61.0% ahead of last year's year-to-date sales of 41.
The Median Sales Price in May was $510,500, up 0.3% from $508,750 in May of 2016 and up 31.7% from $387,500 last month. The Average Sales Price in May was $503,048, down -8.9% from $552,188 in May of 2016 and up 17.9% from $426,574 last month. May 2017 ASP was at a mid range compared to May of 2016 and 2015.
The Total Inventory of Properties available for sale as of May was 70, up 2.9% from 68 last month and down -17.6% from 85 in May of last year. May 2017 Inventory was at the lowest level compared to May of 2016 and 2015.
The May 2017 Month’s Supply of Inventory of 4.1 months was at its lowest level compared with May of 2016 and 2015. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The average Days ... more

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