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Northbrook IL Real Estate Market Action Report August 2017
By Art Wilson, Realtor
Northbrook’s July Property sales were 72, down -22.6% from 93 in July of 2016 and -28.0% lower than the 100 sales last month. July 2017 sales were at a mid level compared to July of 2016 and 2015. July YTD sales of 466 are running 4.7% ahead of last year's year-to-date sales of 445.
The Median Sales Price in July was $441,250, up 0.3% from $440,000 in July of 2016 and down -13.3% from $508,800 last month. The Average Sales Price in July was $496,511, up 6.6% from $465,903 in July of 2016 and down -11.8% from $563,240 last month. July 2017 ASP was at highest level compared to July of 2016 and 2015.
The Total Inventory of Properties available for sale as of July was 342, down -8.6% from 374 last month and up 0.6% from 340 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 4.8 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 On Market (DOM) ... more

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