Winnetka IL Real Estate Market Action Report February 2013

Winnetka's January Property sales were 6, equal to 6 in January of 2012 and -75.0% lower than the 24 sales last month. January 2013 sales were at their lowest level compared to January of 2012 and 2011. January YTD sales of 6 are running equal to last year's year-to-date sales of 6.

The Median Sales Price in January was $1,030,000, down -41.9% from $1,771,813 in January of 2012 and up 38.2% from $745,500 last month.

The Average Sales Price in January was $1,267,500, down -32.0% from $1,863,271 in January of 2012 and up 35.8% from $933,042 last month. January 2013 ASP was at a mid range compared to January of 2012 and 2011.

The Total Inventory of Properties available for sale as of January was 102, up 12.1% from 91 last month and down -23.3% from 133 in January of last year. January 2013 Inventory was at the lowest level compared to January of 2012 and 2011.

The January 2013 Months Supply of Inventory of 17.0 months was at its lowest level compared with January of 2012 and 2011. 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 January was 167, up 125.7% from 74 days last month and down -1.8% from 170 days in January of last year. The January 2013 DOM was at a mid range compared with January of 2012 and 2011.

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 January 2013 Selling Price vs ListPrice of 93.0% was down from 93.5% last month and up from 91.0% in January of last year.

The number of New Listings in January 2013 was 38, up 216.7% from 12 last month and up 15.2% from 33 in January of last year.