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Lincolnshire IL Real Estate Market Action Report July 2015
 
 
By Art Wilson, Realtor
 
Lincolnshire's June Property sales were 14, down -12.5%from 16 in June of 2014 and -6.7% lower than the 15 sales last month. June 2015sales were at their lowest level compared to June of 2014 and 2013. June YTDsales of 73 are running 35.2% ahead of last year's year-to-date sales of 54.
The Median Sales Price in June was $598,500, up 30.8% from$457,500 in June of 2014 and up 47.8% from $405,000 last month. The AverageSales Price in June was $617,282, up 25.9% from $490,188 in June of 2014 and up42.6% from $432,907 last month. June 2015 ASP was at highest level compared toJune of 2014 and 2013.
The Total Inventory of Properties available for sale as ofJune was 68, down -2.9% from 70 last month and up 6.3% from 64 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 4.9 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 ... more

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