Glenview's December Property sales were 61, up 24.5% from 49 in December of 2011 and -9.0% lower than the 67 sales last month. December 2012 sales were at their highest level compared to December of 2011 and 2010. December YTD sales of 709 are running 19.4% ahead of last year's year- to-date sales of 594.
The Median Sales Price in December was $360,000, up 33.3% from $270,000 in December of 2011 and up 16.1% from $310,000 last month. The Average Sales Price in December was $441,007, up 4.3% from $422,661 in December of 2011 and up 23.6% from $356,916 last month. December 2012 ASP was at a mid range compared to December of 2011 and 2010.
The Total Inventory of Properties available for sale as of December was 220, down -17.9% from 268 last month and down -48.4% from 426 in December of last year. December 2012 Inventory was at the lowest level compared to December of 2011 and 2010.
The December 2012 Months Supply of Inventory of 3.6 months was at its lowest level compared with December 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 December was 56, down -35.6% from 87 days last month and down -39.1% from 92 days in December of last year. The December 2012 DOM was at its lowest level compared with December 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 December 2012 Selling Price v List Price of 94.6% was down from 95.4% last month and up from 91.4% in December of last year.
The number of New Listings in December 2012 was 38, down -40.6% from 64 last month and down -20.8% from 48 in December of last year.
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