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Glenview IL Real Estate Market Action Report January 2016
By Art Wilson, Realtor
Glenview's December Property sales were 56, up 7.7% from 52 in December of 2014 and 12.0% higher than the 50 sales last month. December 2015 sales were at a mid level compared to December of 2014 and 2013. December YTD sales of 827 are running 3.4% ahead of last year's year-to-date sales of 800.
The Median Sales Price in December was $411,500, up 23.4% from $333,500 in December of 2014 and up 1.0% from $407,500 last month. The Average Sales Price in December was $500,934, up 30.4% from $384,052 in December of 2014 and up 4.4% from $479,821 last month. December 2015 ASP was at highest level compared to December of 2014 and 2013.
The Total Inventory of Properties available for sale as of December was 245, down -19.1% from 303 last month and up 18.4% from 207 in December of last year. December 2015 Inventory was at highest level compared to December of 2014 and 2013.
The December 2015 Months Supply of Inventory of 4.4 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 Days ... more

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