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Lincolnshire IL Real Estate Market Action Report December 2016
By Art Wilson, Realtor
Lincolnshire's November Property sales were 11, up 57.1% from 7 in November of 2015 and 37.5% higher than the 8 sales last month. November 2016 sales were at their highest level compared to November of 2015 and 2014. November YTD sales of 119 are running -8.5% behind last year's year-to-date sales of 130.
The Median Sales Price in November was $575,000, down -9.7% from $637,000 in November of 2015 and up 16.0% from $495,875 last month. The Average Sales Price in November was $550,673, down -22.7% from $712,786 in November of 2015 and up 17.6% from $468,395 last month. November 2016 ASP was at a mid range compared to November of 2015 and 2014.
The Total Inventory of Properties available for sale as of November was 64, down -12.3% from 73 last month and up 8.5% from 59 in November of last year. November 2016 Inventory was at a mid range compared to November of 2015 and 2014.
The November 2016 Month’s Supply of Inventory of 5.8 months was at its lowest level compared with November of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The average ... more

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