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Northbrook IL Real Estate Market Action Report January 2016
By Art Wilson, Realtor
Northbrook's December Property sales were 43, down -33.8% from 65 in December of 2014 and -20.4% lower than the 54 sales last month. December 2015 sales were at their lowest level compared to December of 2014 and 2013. December YTD sales of 705 are running 4.1% ahead of last year's year-to-date sales of 677.
The Median Sales Price in December was $417,000, down -2.8% from $429,000 in December of 2014 and down -14.0% from $485,000 last month. The Average Sales Price in December was $447,642, down -9.1% from $492,399 in December of 2014 and down -7.0% from $481,351 last month. December 2015 ASP was at the lowest level compared to December of 2014 and 2013.
The Total Inventory of Properties available for sale as of December was 211, down -15.9% from 251 last month and down -3.2% from 218 in December of last year. December 2015 Inventory was at a mid range compared to December of 2014 and 2013.
The December 2015 Months Supply of Inventory of 4.9 months was at its highest level compared with December of 2014 and 2013 A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The average ... more

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