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Lake Forest IL Real Estate Market Action Report February 2016
By Art Wilson, Realtor
Lake Forest's January Property sales were 17, down -26.1% from 23 in January of 2015 and equal to 0.0% 17 sales last month. January 2016 sales were at their lowest level compared to January of 2015 and 2014. January YTD sales of 17 are running -26.1% behind last year's year-to-date sales of 23.
The Median Sales Price in January was $755,000, up 37.9% from $547,500 in January of 2015 and down -29.1% from $1,065,000 last month. The Average Sales Price in January was $1,058,765, up 62.4% from $652,079 in January of 2015 and down -18.5% from $1,299,574 last month. January 2016 ASP was at a mid range compared to January of 2015 and 2014.
The Total Inventory of Properties available for sale as of January was 273, up 3.8% from 263 last month and up 31.3% from 208 in January of last year. January 2016 Inventory was at highest level compared to January of 2015 and 2014.
The January 2016 Months Supply of Inventory of 16.1 months was at its highest level compared with January of 2015 and 2014. 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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