By Art Wilson, Realtor
Glenview's April Property sales were 78, up 41.8% from 55 in April of 2012 and 47.2% higher than the 53 sales last month. April 2013 sales were at their highest level compared to April of 2012 and 2011. April YTD sales of 231 are running 38.3% ahead of last year's year-to-date sales of 167.
The Median Sales Price in April was $398,250, up 26.7% from $314,323 in April of 2012 and up 23.5% from $322,500 last month. The Average Sales Price in April was $440,607, down -2.5% from $451,699 in April of 2012 and up 14.6% from $384,436 last month. April 2013 ASP was at the lowest level compared to April of 2012 and 2011.
The Total Inventory of Properties available for sale as of April was 202, down -7.8% from 219 last month and down -51.1% from 413 in April of last year. April 2013 Inventory was at the lowest level compared to April of 2012 and 2011.
The April 2013 Months Supply of inventory of 2.6 months was at its lowest level compared with April 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 April was 75, down -33.0% from 112 days last month and down -38.0% from 121 days in April of last year. The April 2013 DOM was at its lowest level compared with April 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 April 2013 Selling Price vs List Price of 97.0% was up from 94.3% last month and up from 93.7% in April of last year.
The number of New Listings in April 2013 was 136, up 5.4% from 129 last month and up 14.3% from 119 in April of last year.
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