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Glenview IL Real Estate Market Action Report December 2012

By
Real Estate Agent with Coldwell Banker Residential Brokerage

Glenview's November Property sales were 65, up 75.7% from 37 in November of 2011 and 1.6% higher than the 64 sales last month. November 2012 sales were at their highest level compared to November of 2011 and 2010. November YTD sales of 646 are running 18.5% ahead of last year's year-to-date sales of 545.

The Median Sales Price in November was $316,160, down -15.9% from $376,000 in November of 2011 and down -11.7% from $358,000 last month. The Average Sales Price in November was $360,742, down -21.0% from $456,544 in November of 2011 and down -13.8% from $418,549 last month. November 2012 ASP was at the lowest level compared to November of 2011 and 2010.

The Total Inventory of Properties available for sale as of November was 251, down -18.8% from 309 last month and down -46.4% from 468 in November of last year. November 2012 Inventory was at the lowest level compared to November of 2011 and 2010.

The November 2012 Months Supply of Inventory of 3.9 months was at its lowest level compared with November 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 November was 88, down -11.1% from 99 days last month and up 2.3% from 86 days in November of last year. The November 2012 DOM was at a mid range compared with November 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 November 2012 Selling

Price vs List Price of 95.3% was up from 94.0% last month and up from 93.9% in November of last year.

The number of New Listings in November 2012 was 64, down -29.7% from 91 last month and down -3.0% from 66 in November of last year.

Posted by

Art Wilson, Broker, ABR, CRP, CRS
Coldwell Banker Residential Brokerage        
552 Lincoln Ave.Winnetka, IL 60093              

Cell: 847-363-1599

Serving Chicago's North Shore Suburbs

Art.Wilson@cbexchange.com 
www.NorthShoreHomesOnline.com

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