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Highland Park IL Real Estate Market Action Report August 2017
By Art Wilson, Realtor
Highland Park’s July Property sales were 59, up 20.4% from 49 in July of 2016 and -23.4% lower than the 77 sales last month. July 2017 sales were at a mid level compared to July of 2016 and 2015. July YTD sales of 344 are running 13.9% ahead of last year's year-to-date sales of 302.
The Median Sales Price in July was $475,000, down -12.8% from $545,000 in July of 2016 and down -9.5% from $525,000 last month. The Average Sales Price in July was $521,360, down -12.2% from $593,515 in July of 2016 and down -21.5% from $664,042 last month. July 2017 ASP was at the lowest level compared to July of 2016 and 2015.
The Total Inventory of Properties available for sale as of July was 364, down -1.9% from 371 last month and up 3.1% from 353 in July of last year. July 2017 Inventory was at highest level compared to July of 2016 and 2015.
The July 2017 Month’s Supply of Inventory of 6.2 months was at a mid range compared with July 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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