Winnetka's October Property sales were 10, down -33.3% from 15 in October of 2011 and -28.6% lower than the 14 sales last month. October 2012 sales were at their lowest level compared to October of 2011 and 2010. October YTD sales of 200 are running 2.6% ahead of last year's year-to-date sales of 195.
The Median Sales Price in October was $947,000, down -4.8% from $995,000 in October of 2011 and down -8.8% from $1,038,500 last month. The Average Sales Price in October was $1,051,350, down -18.5% from $1,289,305 in October of 2011 and up 4.8% from $1,003,250 last month. October 2012 ASP was at the lowest level compared to October of 2011 and 2010.
The Total Inventory of Properties available for sale as of October was 123, down -16.3% from 147 last month and down -25.0% from 164 in October of last year. October 2012 Inventory was at the lowest level compared to October of 2011 and 2010.
The October 2012 MSI of 12.3 months was at a mid range compared with October 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 October was 128, up 172.3% from 47 days last month and up 47.1% from 87 days in October of last year. The October 2012 DOM was at a mid range compared with October 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 October 2012 Selling Price vs List Price of 93.9% was up from 93.1% last month and up from 89.8% in October of last year.
The number of New Listings in October 2012 was 23, down 14.8% from 27 last month and down -4.2% from 24 in October of last year.
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