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Lincolnshire IL Real Estate Market Action Report September 2014
By Art Wilson, Realtor
Lincolnshire's August Property sales were 16, down -11.1% from 18 in August of 2013 and 23.1% higher than the 13 sales last month. August 2014 sales were at their lowest level compared to August of 2013 and 2012. August YTD sales of 83 are running -20.2% behind last year's year-to-date sales of 104.
The Median Sales Price in August was $467,500, down -0.5% from $470,000 in August of 2013 and up 4.1% from $449,000 last month. The Average Sales Price in August was $489,719, up 1.0% from $484,817 in August of 2013 and up 16.5% from $420,462 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 57, down -6.6% from 61 last month and up 11.8% from 51 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 3.6 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 MSI ... more
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