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Glencoe IL Real Estate Market Action Report June 2017
By Art Wilson, Realtor
Glencoe’s May Property sales were 24, up 33.3% from 18 in May of 2016 and 50.0% higher than the 16 sales last month. May 2017 sales were at their highest level compared to May of 2016 and 2015. May YTD sales of 61 are running 27.1% ahead of last year's year-to-date sales of 48.
The Median Sales Price in May was $1,002,960, down -22.1% from $1,287,500 in May of 2016 and up 28.0% from $783,750 last month. The Average Sales Price in May was $1,178,348, down -22.9% from $1,528,556 in May of 2016 and down -6.3% from $1,257,050 last month. May 2017 ASP was at a mid range compared to May of 2016 and 2015.
The Total Inventory of Properties available for sale as of May was 106, down -6.2% from 113 last month and down -13.1% from 122 in May of last year. May 2017 Inventory was at a mid range compared to May of 2016 and 2015.
The May 2017 Month’s Supply of Inventory of 4.4 months was at its lowest level compared with May 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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