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Lake Bluff IL Real Estate Market Action Report May 2014


By Art Wilson, Realtor
Lake Bluff's April Property sales were 6, down -70.0% from 20 in April of 2013 and -45.5% lower than the 11 sales last month. April 2014 sales were at their lowest level compared to April of 2013 and 2012. April YTD sales of 35 are running -30.0% behind last year's year-to-date sales of 50.
 The Median Sales Price in April was $341,500, down -30.4% from $490,500 in April of 2013 and down -11.3% from $385,000 last month. The Average Sales Price in April was $327,833, down -35.0% from $504,135 in April of 2013 and down -29.0% from $461,841 last month. April 2014 ASP was at the lowest level compared to April of 2013 and 2012.
The Total Inventory of Properties available for sale as of April was 78, up 6.8% from 73 last month and up 8.3% from 72 in April of last year. April 2014 Inventory was at a mid range compared to April of 2013 and 2012.
The April 2014 Months Supply of Inventory of 13.0 months was at a mid range compared with April of 2013 and 2012.  A comparatively lower MSI is more beneficial for sellers while a ... more

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