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Northbrook IL Real Estate Market Action Report October 2017
By Art Wilson, Realtor
Northbrook’s September Property sales were 56, up 21.7% from 46 in September of 2016 and -31.7% lower than the 82 sales last month. September 2017 sales were at a mid level compared to September of 2016 and 2015. September YTD sales of 605 are running 5.8% ahead of last year's year-to-date sales of 572.
The Median Sales Price in September was $400,000, down -13.1% from $460,500 in September of 2016 and down -19.9% from $499,450 last month. The Average Sales Price in September was $470,070, down -4.5% from $492,074 in September of 2016 and down -8.6% from $514,501 last month. September 2017 ASP was at the lowest level compared to September of 2016 and 2015.
The Total Inventory of Properties available for sale as of September was 334, equal to 334 last month and down -4.0% from 348 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 6.0 months was at a mid range 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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