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Glencoe IL Real Estate Market Action Report May 2017
By Art Wilson, Realtor
Glencoe's March Property sales were 5, down -54.5% from 11 in March of 2016 and -16.7% lower than the 6 sales last month. March 2017 sales were at their lowest level compared to March of 2016 and 2015. March YTD sales of 21 are running 23.5% ahead of last year's year-to-date sales of 17.
The Median Sales Price in March was $580,000, down -13.4% from $670,000 in March of 2016 and down -3.2% from $599,000 last month. The Average Sales Price in March was $727,400, down -5.7% from $771,046 in March of 2016 and up 9.9% from $662,000 last month. March 2017 ASP was at the lowest level compared to March of 2016 and 2015.
The Total Inventory of Properties available for sale as of March was 102, down -1.0% from 103 last month and up 6.3% from 96 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 20.4 months was at its highest level 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 ... more

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