By Art Wilson, Realtor
Winnetka's November Property sales were 12, up 20.0% from 10 in November of 2014 and -7.7% lower than the 13 sales last month. November 2015 sales were at a mid level compared to November of 2014 and 2013. November YTD sales of 222 are running equal to last year's year-to-date sales of 222.
The Median Sales Price in November was $695,000, down -21.2% from $882,500 in November of 2014 and down -9.2% from $765,000 last month. The Average Sales Price in November was $791,481, down -27.6% from $1,092,505 in November of 2014 and down -15.1% from $932,423 last month. November 2015 ASP was at the lowest level compared to November of 2014 and 2013.
The Total Inventory of Properties available for sale as of November was 147, down -17.4% from 178 last month and up 18.5% from 124 in November of last year. November 2015 Inventory was at highest level compared to November of 2014 and 2013.
The November 2015 Months Supply Of Inventory of 12.3 months was at a mid range compared with November of 2014 and 2013. 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 38, down -54.8% from 84 days last month and up 26.7% from 30 days in November of last year. The November 2015 DOM was at a mid range compared with November of 2014 and 2013.
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 2015 Selling Price vs List Price of 94.4% was up from 92.6% last month and down from 97.5% in November of last year.
The number of New Listings in November 2015 was 22, down -40.5% from 37 last month and up 46.7% from 15 in November of last year.
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