Winnetka's June Property sales were 36, up 9.1% from 33 in June of 2011 and 16.1% higher than the 31 sales last month. June 2012 sales were at their highest level compared to June of 2011 and 2010. June YTD sales of 108 are running 4.9% ahead of last year's year-to-date sales of 103.
The Median Sales Price in June was $1,170,000, up 11.4% from $1,050,000 in June of 2011 and up 54.7% from $756,500 last month. The Average Sales Price in June was $1,330,681, up 6.8% from $1,245,735 in June of 2011 and up 37.7% from $966,484 last month. June 2012 ASP was at highest level compared to June of 2011 and 2010.
The Total Inventory of Properties available for sale as of June was 158, down -7.1% from 170 last month and down -25.1% from 211 in June of last year. June 2012 Inventory was at the lowest level compared to June of 2011 and 2010.
The June 2012 Months Supply of Inventory of 4.4 months was at its lowest level compared with June 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 June was 79, down -31.3% from 115 days last month and down -16.0% from 94 days in June of last year. The June 2012 DOM was at its lowest level compared with June of 2011 and 2010.
The Selling Price vs Listing Price is the average amount that Sellers are agreeing to come down from their 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 June 2012 Selling Price vs List Price of 94.2% was up from 92.7% last month and up from 92.9% in June of last year.
The number of New Listings in June 2012 was 41, equal to 41 last month and down -16.3% from 49 in June of last year.
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