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Highland Park IL Real Estate Market Action Report October 2012
Highland Park's September Property sales were 38, up 8.6% from 35 in September of 2011 and -29.6% lower than the 54 sales last month. September 2012 sales were at their highest level compared to September of 2011 and 2010. September YTD sales of 346 are running 29.1% ahead of last year's year-to-date sales of 268.
The Median Sales Price in September was $422,500, down -5.9% from $449,000 in September of 2011 and down -8.8% from $463,250 last month. The Average Sales Price in September was $535,211, up 17.1% from $457,165 in September of 2011 and down -3.8% from $556,605 last month. September 2012 ASP was at a mid range compared to September of 2011 and 2010.
The Total Inventory of Properties available for sale as of September was 264, down -7.4% from 285 last month and down -31.3% from 384 in September of last year. September 2012 Inventory was at the lowest level compared to September of 2011 and 2010.
The September 2012 Months Supply of Inventory of 6.9 months was at its lowest level compared with September of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for ... more

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