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Evanston IL Real Estate Market Action Report March 2017
By Art Wilson, Realtor
Evanston's February Property sales were 45, up 12.5% from 40 in February of 2016 and -6.3% lower than the 48 sales last month. February 2017 sales were at a mid level compared to February of 2016 and 2015. February YTD sales of 93 are running 4.5% ahead of last year's year-to-date sales of 89.
The Median Sales Price in February was $224,000, down -25.3% from $300,000 in February of 2016 and down -20.4% from $281,500 last month. The Average Sales Price in February was $299,159, down -10.3% from $333,653 in February of 2016 and down -21.6% from $381,769 last month. February 2017 ASP was at the lowest level compared to February of 2016 and 2015.
The Total Inventory of Properties available for sale as of February was 201, up 12.3% from 179 last month and down -28.5% from 281 in February of last year. February 2017 Inventory was at the lowest level compared to February of 2016 and 2015.
The February 2017 Month’s Supply of Inventory of 4.5 months was at its lowest level compared with February of 2016 and 2015. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The ... more

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