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Lincolnshire IL Real Estate Market Action Report January 2017
By Art Wilson, Realtor
Lincolnshire's December Property sales were 6, down -25.0% from 8 in December of 2015 and -45.5% lower than the 11 sales last month. December 2016 sales were at their lowest level compared to December of 2015 and 2014. December YTD sales of 125 are running -9.4% behind last year's year-to-date sales of 138.
The Median Sales Price in December was $366,250, down -24.1% from $482,500 in December of 2015 and down -36.3% from $575,000 last month. The Average Sales Price in December was $334,750, down -36.2% from $524,375 in December of 2015 and down -39.2% from $550,673 last month. December 2016 ASP was at the lowest level compared to December of 2015 and 2014.
The Total Inventory of Properties available for sale as of December was 53, down -20.9% from 67 last month and equal to 53 in December of last year. December 2016 Inventory was at a mid range compared to December of 2015 and 2014.
The December 2016 Month’s Supply of Inventory of 8.8 months was at its highest level 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 average Days ... more

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