Lincolnshire's August Property sales were 14, equal to 14 in August of 2011 and equal to 0.0% 14 sales last month. August 2012 sales were at a mid level compared to August of 2011 and 2010. August YTD sales of 86 are running 14.7% ahead of last year's year-to-date sales of 75.
The Median Sales Price in August was $494,000, up 83.6% from $269,000 in August of 2011 and down -15.8% from $586,635 last month. The Average Sales Price in August was $517,143, up 36.7% from $378,393 in August of 2011 and down -18.6% from $635,357 last month. August 2012 ASP was at highest level compared to August of 2011 and 2010.
The Total Inventory of Properties available for sale as of August was 86, down -1.1% from 87 last month and down -21.8% from 110 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 6.1 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 120, up 8.1% from 111 days last month and up 33.3% from 90 days in August of last year. The August 2012 DOM was at a mid range 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 93.4% was down from 96.9% last month and up from 92.5% in August of last year.
The number of New Listings in August 2012 was 16, down 20.0% from 20 last month and down -11.1% from 18 in August of last year.
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