Wilmette’s April Property sales were 34, up 41.7% from 24 in April of 2011 and 61.9% higher than the 21 sales last month. April 2012 sales were at their highest level compared to April of 2011 and 2010. April YTD sales of 88 are running 7.3% ahead of last year's year-to-date sales of 82.
The Median Sales Price in April was $452,000, down -14.3% from $527,463 in April of 2011 and down -3.0% from $466,000 last month. The Average Sales Price in April was $514,158, down -11.5% from $581,091 in April of 2011 and down -7.4% from $555,032 last month. April 2012 ASP was at the lowest level compared to April of 2011 and 2010.
The Total Inventory of Properties available for sale as of April was 184, down -2.6% from 189 last month and down -24.6% from 244 in April of last year. April 2012 Inventory was at the lowest level compared to April of 2011 and 2010.
The April 2012 Months Supply of Inventory of 5.4 months was at its lowest level compared with April of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The average Days On Market (DOM)is how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for April was 150, up 108.3% from 72 days last month and up 30.4% from 115 days in April of last year. The April 2012 DOM was at its highest level
compared with April of 2011 and 2010.
The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The April 2012 Selling Price vs Original List Price of 85.9% was down from 90.9% last month and down from 88.6% in April of last year.
The number of New Listings in April 2012 was 76, up 13.4% from 67 last month and up 7.0% from 71 in April of last year.