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Lake Forest IL Real Estate Market Action Report October 2017
By Art Wilson, Realtor
Lake Forest’s September Property sales were 30, up 3.4% from 29 in September of 2016 and -28.6% lower than the 42 sales last month. September 2017 sales were at their highest level compared to September of 2016 and 2015. September YTD sales of 273 are running 10.1% ahead of last year's year-to-date sales of 248.
The Median Sales Price in September was $769,000, up 20.2% from $640,000 in September of 2016 and up 2.9% from $747,500 last month. The Average Sales Price in September was $1,043,191, up 17.5% from $888,099 in September of 2016 and up 7.0% from $974,928 last month. September 2017 ASP was at highest level compared to September of 2016 and 2015.
The Total Inventory of Properties available for sale as of September was 347, up 5.5% from 329 last month and down -9.6% from 384 in September of last year. September 2017 Inventory was at a mid range compared to September of 2016 and 2015.
The September 2017 Month’s Supply of Inventory of 11.6 months was at its lowest level compared with September 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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