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Glencoe IL Real Estate Market Action Report July 2015
 
 
By Art Wilson, Realtor
 
Glencoe's June Property sales were 11, down -35.3% from 17in June of 2014 and 57.1% higher than the 7 sales last month. June 2015 saleswere at their lowest level compared to June of 2014 and 2013. June YTD sales of51 are running -20.3% behind last year's year-to-date sales of 64.
The Median Sales Price in June was $930,000, down -9.3%from $1,025,000 in June of 2014 and down -20.2% from $1,165,000 last month. TheAverage Sales Price in June was $969,409, down -27.6% from $1,339,441 in Juneof 2014 and down -14.7% from $1,136,429 last month. June 2015 ASP was at the lowestlevel compared to June of 2014 and 2013.
The Total Inventory of Properties available for sale as ofJune was 99, up 1.0% from 98 last month and up 20.7% from 82 in June of lastyear. June 2015 Inventory was at highest level compared to June of 2014 and2013.
The June 2015 Months Supply of Inventory of 9.0 months wasat its highest level compared with June of 2014 and 2013. A comparatively lowerMSI is more beneficial for sellers while a higher MSI is better for buyers.
The average Days On Market (DOM) is how many days theaverage Property is on the ... more

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