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Lake Forest IL Real Estate Market Action Report July 2012
Lake Forest's June Property sales were 25, up 25.0% from 20 in June of 2011 and -30.6% lower than the 36 sales last month. June 2012 sales were at a mid level compared to June of 2011 and 2010. June YTD sales of 124 are running 18.1% ahead of last year's year-to-date sales of 105.
The Median Sales Price in June was $680,000, down -17.7% from $826,000 in June of 2011 and up 5.6% from $643,750 last month. The Average Sales Price in June was $861,920, down -22.7% from $1,115,100 in June of 2011 and up 5.2% from $819,361 last month. June 2012 ASP was at the lowest level compared to June of 2011 and 2010.
The Total Inventory of Properties available for sale as of June was 283, down -5.0% from 298 last month and down -28.4% from 395 in June of last year. June 2012 Inventory was at the lowest level compared to June of 2011 and 2010.
The June 2012 Months Supply of Inventory of 11.3 months was at a mid range compared with June of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
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