Lake Bluff’s April Property sales were 7, down -41.7% from 12 in April of 2011 and -41.7% lower than the 12 sales last month. April 2012 sales were at their lowest level compared to April of 2011 and 2010. April YTD sales of 23 are running -4.2% behind last year's year-to-date sales of 24.
The Median Sales Price in April was $387,000, down -6.0% from $411,750 in April of 2011 and up 58.0% from $245,000 last month. The Average Sales Price in April was $515,929, up 7.5% from $480,042 in April of 2011 and up 82.6% from $282,500 last month. April 2012 ASP was at highest level compared to April of 2011 and 2010.
The Total Inventory of Properties available for sale as of April was 113, up 3.7% from 109 last month and down -4.2% from 118 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 16.1 months was at its highest 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 125, up 8.7% from 115 days last month and up 150.0% from 50 days in April of last year. The April 2012 DOM was at a mid range 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 84.3% was down from 89.1% last month and down from 88.1% in April of last year.
The number of New Listings in April 2012 was 31, up 63.2% from 19 last month and up 14.8% from 27 in April of last year.
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