Glenview's August Property sales were 74, up 12.1% from 66 in August of 2011 and 4.2% higher than the 71 sales last month. August 2012 sales were at their highest level compared to August of 2011 and 2010. August YTD sales of 453 are running 13.0% ahead of last year's year-to-date sales of 401.
The Median Sales Price in August was $391,000, down -17.2% from $472,250 in August of 2011 and down -14.1% from $455,000 last month. The Average Sales Price in August was $444,068, down -10.2% from $494,371 in August of 2011 and down -15.7% from $526,847 last month. August 2012 ASP was at the lowest level compared to August of 2011 and 2010.
The Total Inventory of Properties available for sale as of August was 328, down -9.6% from 363 last month and down -40.8% from 554 in August of last year. August 2012 Inventory was at the lowest level compared to August of 2011 and 2010.
The August 2012 Months Supply of Inventory of 4.4 months was at its lowest level compared with August 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 August was 61, down -26.5% from 83 days last month and down -45.0% from 111 days in August of last year. The August 2012 DOM was at its lowest level compared with August 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 August 2012 Selling Price vs List Price of 94.9% was down from 95.5% last month and up from 92.4% in August of last year.
The number of New Listings in August 2012 was 105, down 3.7% from 109 last month and down -13.9% from 122 in August of last year.
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