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Evanston IL Real Estate Market Action Report July 2017
By Art Wilson, Realtor
Evanston's June Property sales were 147, down -7.5% from 159 in June of 2016 and 16.7% higher than the 126 sales last month. June 2017 sales were at their lowest level compared to June of 2016 and 2015. June YTD sales of 562 are running 2.0% ahead of last year's year-to-date sales of 551.
The Median Sales Price in June was $390,000, up 6.8% from $365,000 in June of 2016 and up 16.4% from $335,000 last month. The Average Sales Price in June was $481,261, up 6.5% from $451,759 in June of 2016 and up 13.6% from $423,738 last month. June 2017 ASP was at highest level compared to June of 2016 and 2015.
The Total Inventory of Properties available for sale as of June was 231, up 6.5% from 217 last month and down -16.0% from 275 in June of last year. June 2017 Inventory was at the lowest level compared to June of 2016 and 2015.
The June 2017 Months Supply of Inventory of 1.6 months was at its lowest level compared with June of 2016 and 2015. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The average Days On ... more

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