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Glenview IL Real Estate Market Action Report April 2017
By Art Wilson, Realtor
Glenview's March Property sales were 56, down -9.7% from 62 in March of 2016 and 36.6% higher than the 41 sales last month. March 2017 sales were at a mid level compared to March of 2016 and 2015. March YTD sales of 138 are running -6.8% behind last year's year-to-date sales of 148.
The Median Sales Price in March was $389,000, down -6.6% from $416,500 in March of 2016 and down -2.8% from $400,000 last month. The Average Sales Price in March was $502,001, up 7.1% from $468,757 in March of 2016 and up 12.7% from $445,486 last month. March 2017 ASP was at highest level compared to March of 2016 and 2015.
The Total Inventory of Properties available for sale as of March was 339, up 1.2% from 335 last month and up 1.8% from 333 in March of last year. March 2017 Inventory was at highest level compared to March of 2016 and 2015.
The March 2017 Month’s Supply of Inventory of 6.1 months was at a mid range compared with March of 2016 and 2015. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The average Days On Market ... more

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