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Glenview IL Real Estate Market Action Report February 2017
By Art Wilson, Realtor
Glenview's January Property sales were 41, up 10.8% from 37 in January of 2016 and -25.5% lower than the 55 sales last month. January 2017 sales were at their highest level compared to January of 2016 and 2015. January YTD sales of 41 are running 10.8% ahead of last year's year-to-date sales of 37.
The Median Sales Price in January was $424,000, up 12.5% from $377,000 in January of 2016 and down -11.7% from $480,000 last month. The Average Sales Price in January was $512,182, up 10.8% from $462,339 in January of 2016 and down -17.8% from $623,140 last month. January 2017 ASP was at a mid range compared to January of 2016 and 2015.
The Total Inventory of Properties available for sale as of January was 279, equal to 279 last month and up 12.5% from 248 in January of last year. January 2017 Inventory was at highest level compared to January of 2016 and 2015.
The January 2017 Month’s Supply of Inventory of 6.8 months was at its highest level compared with January of 2016 and 2015. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The average ... more
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