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Glenview IL Real Estate Market Action Report June 2016
By Art Wilson, Realtor
Glenview's May Property sales were 97, up 18.3% from 82 in May of 2015 and 70.2% higher than the 57 sales last month. May 2016 sales were at their highest level compared to May of 2015 and 2014. May YTD sales of 302 are running 12.3% ahead of last year's year-to-date sales of 269.
The Median Sales Price in May was $430,000, down -5.2% from $453,750 in May of 2015 and up 7.5% from $400,000 last month. The Average Sales Price in May was $477,384, down -10.4% from $532,862 in May of 2015 and down -7.1% from $513,764 last month. May 2016 ASP was at the lowest level compared to May of 2015 and 2014.
The Total Inventory of Properties available for sale as of May was 358, up 3.5% from 346 last month and up 2.9% from 348 in May of last year. May 2016 Inventory was at highest level compared to May of 2015 and 2014.
The May 2016 Months Supply of Invnetory of 3.7 months was at a mid range compared with May of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The ... more

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