Lake Bluff's May Property sales were 14, down -6.7% from 15 in May of 2011 and 55.6% higher than the 9 sales last month. May 2012 sales were at a mid level compared to May of 2011 and 2010. May YTD sales of 39 are running equal to last year's year-to-date sales of 39.
The Median Sales Price in May was $257,000, down -29.6% from $365,000 in May of 2011 and down -22.6% from $332,000 last month. The Average Sales Price in May was $308,321, down -29.6% from $438,222 in May of 2011 and down -26.6% from $420,056 last month. May 2012 ASP was at the lowest level compared to May of 2011 and 2010.
The Total Inventory of Properties available for sale as of May was 112, down -2.6% from 115 last month and down -11.1% from 126 in May of last year. May 2012 Inventory was at the lowest level compared to May of 2011 and 2010.
The May 2012 Months Supply of Inventory of 8.0 months was at its lowest level compared with May 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 May was 140, up 12.0% from 125 days last month and down -11.9% from 159 days in May of last year. The May 2012 DOM was at its lowest level compared with May 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 May 2012 Selling Price vs Original List Price of 92.3% was down from 92.7% last month and up from 91.1% in May of last year.
The number of New Listings in May 2012 was 26, down 16.1% from 31 last month and down -10.3% from 29 in May of last year.
Comments(0)