By Art Wilson, Realtor
Evanston's September Property sales were 82, down -16.3% from 98 in September of 2013 and -27.4% lower than the 113 sales last month. September 2014 sales were at a mid level compared to September of 2013 and 2012. September YTD sales of 762 are running -11.4% behind last year's year-to-date sales of 860.
The Median Sales Price in September was $320,000, up 11.3% from $287,500 in September of 2013 and down -12.9% from $367,500 last month. The Average Sales Price in September was $407,405, up 6.9% from $381,109 in September of 2013 and down -11.1% from $458,327 last month. September 2014 ASP was at highest level compared to September of 2013 and 2012.
The Total Inventory of Properties available for sale as of September was 354, up 1.1% from 350 last month and down -4.1% from 369 in September of last year. September 2014 Inventory was at the lowest level compared to September of 2013 and 2012.
The September 2014 Months Supply of Inventory of 4.3 months was at a mid range compared with September of 2013 and 2012. 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 September was 54, up 35.0% from 40 days last month and up 3.8% from 52 days in September of last year. The September 2014 DOM was at a mid range compared with September of 2013 and 2012.
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 September 2014 Selling Price vs List Price of 96.3% was down from 97.3% last month and down from 96.8% in September of last year.
The number of New Listings in September 2014 was 149, up 24.2% from 120 last
month and down -9.1% from 164 in September of last year.
Comments(0)