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Glenview IL Real Estate Market Action Report September 2016
By Art Wilson, Realtor
Glenview's August Property sales were 103, up 14.4% from 90 in August of 2015 and 19.8% higher than the 86 sales last month. August 2016 sales were at their highest level compared to August of 2015 and 2014. August YTD sales of 600 are running 3.6% ahead of last year's year-to-date sales of 579.
The Median Sales Price in August was $465,000, down -6.5% from $497,250 in August of 2015 and down -4.7% from $487,750 last month. The Average Sales Price in August was $540,004, up 0.4% from $538,119 in August of 2015 and down -4.9% from $568,060 last month. August 2016 ASP was at highest level compared to August of 2015 and 2014.
The Total Inventory of Properties available for sale as of August was 383, down -4.3% from 400 last month and equal to 383 in August of last year. August 2016 Inventory was at a mid range compared to August of 2015 and 2014.
The August 2016 Months Supply of Inventory of 3.7 months was at a mid range compared with August 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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