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Evanston IL Real Estate Market Action Report September 2014


By Art Wilson, Realtor
 
Evanston's August Property sales were 112, down -18.8% from 138 in August of 2013 and -6.7% lower than the 120 sales last month. August 2014 sales were at a mid level compared to August of 2013 and 2012. August YTD sales of 677 are running -11.2% behind last year's year-to-date sales of 762.
The Median Sales Price in August was $367,500, up 38.7% from $265,000 in August of 2013 and up 13.1% from $325,000 last month. The Average Sales Price in August was $461,356, up 49.1% from $309,473 in August of 2013 and up 22.0% from $378,245 last month. August 2014 ASP was at highest level compared to August of 2013 and 2012.
The Total Inventory of Properties available for sale as of August was 328, down -10.1% from 365 last month and up 0.6% from 326 in August of last year. August 2014 Inventory was at a mid range compared to August of 2013 and 2012.
The August 2014 Months Supply of Inventory of 2.9 months was at a mid range compared with August of 2013 and 2012.  A comparatively lower MSI is more beneficial for sellers while a higher ... more

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