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Northbrook IL Real Estate Market Action Report January 2017
By Art Wilson, Realtor
Northbrook's December Property sales were 44, down -2.2% from 45 in December of 2015 and -22.8% lower than the 57 sales last month. December 2016 sales were at their lowest level compared to December of 2015 and 2014. December YTD sales of 723 are running 2.1% ahead of last year's year-to-date sales of 708.
The Median Sales Price in December was $442,000, up 4.0% from $425,000 in December of 2015 and up 8.6% from $407,000 last month. The Average Sales Price in December was $536,134, up 18.9% from $451,003 in December of 2015 and up 13.8% from $471,313 last month. December 2016 ASP was at highest level compared to December of 2015 and 2014.
The Total Inventory of Properties available for sale as of December was 217, down -23.0% from 282 last month and down -5.2% from 229 in December of last year. December 2016 Inventory was at the lowest level compared to December of 2015 and 2014.
The December 2016 Month’s Supply of Inventory of 4.9 months was at a mid range compared with December 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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