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Evanston IL Real Estate Market Action Report September 2017
By Art Wilson, Realtor
Evanston’s August Property sales were 113, down -15.7% from 134 in August of 2016 and -0.9% lower than the 114 sales last month. August 2017 sales were at their lowest level compared to August of 2016 and 2015. August YTD sales of 796 are running -4.1% behind last year's year-to-date sales of 830.
The Median Sales Price in August was $346,000, up 10.3% from $313,750 in August of 2016 and up 1.9% from $339,500 last month. The Average Sales Price in August was $454,259, up 10.2% from $412,062 in August of 2016 and down -6.5% from $485,796 last month. August 2017 ASP was at highest level compared to August of 2016 and 2015.
The Total Inventory of Properties available for sale as of August was 267, up 5.5% from 253 last month and down -5.0% from 281 in August of last year. August 2017 Inventory was at the lowest level compared to August of 2016 and 2015.
The August 2017 Month’s Supply of Inventory of 2.4 months was at a mid range compared with August 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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