Winnetka's January Property sales were 6, down -33.3% from 9 in January of 2011 and -62.5% lower than the 16 sales last month. January 2012 sales were at their lowest level compared to January of 2011 and 2010. January YTD sales of 6 are running -33.3% behind last year's year-to-date sales of 9.
The Average Sales Price in January was $1,863,271, up 127.8% from $817,769 in January of 2011 and up 126.2% from $823,568 last month. January 2012 ASP was at highest level compared to January of 2011 and 2010.
The Total Inventory of Properties available for sale as of January was 130, up 7.4% from 121 last month and down -21.7% from 166 in January of last year. January 2012 Inventory was at the lowest level compared to January of 2011 and 2010.
The January 2012 Months Supply of Inventory of 21.7 months was at its highest level compared with January 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 January was 170, up 65.0% from 103 days last month and up 37.1% from 124 days in January of last year. The January 2012 DOM was at a mid range compared with January 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 January 2012 Selling Price vs Original List Price of 81.8% was down from 85.4% last month and down from 85.2% in January of last year.
The number of New Listings in January 2012 was 33, up 230.0% from 10 last month and down -5.7% from 35 in January of last year.
Comments(0)