Lincolnshire’s April Property sales were 12, up 100.0% from 6 in April of 2011 and 33.3% higher than the 9 sales last month. April 2012 sales were at their highest level compared to April of 2011 and 2010. April YTD sales of 30 are running 76.5% ahead of last year's year-to-date sales of 17.
The Median Sales Price in April was $421,700, down -21.4% from $536,500 in April of 2011 and up 12.5% from $375,000 last month. The Average Sales Price in April was $503,571, down -17.6% from $611,417 in April of 2011 and up 18.4% from $425,419 last month. April 2012 ASP was at a mid range compared to April of 2011 and 2010.
The Total Inventory of Properties available for sale as of April was 77, down -4.9% from 81 last month and down -42.1% from 133 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 6.4 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 110, down -17.3% from 133 days last month and down -38.5% from 179 days in April of last year.
The April 2012 DOM was at its lowest 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 90.4% was up from 79.5% last month and up from 82.8% in April of last year.
The number of New Listings in April 2012 was 22, up 29.4% from 17 last month and down -15.4% from 26 in April of last year.
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