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Glencoe IL Real Estate Market Action Report September 2017
By Art Wilson, Realtor
Glencoe’s August Property sales were 14, down -6.7% from 15 in August of 2016 and -26.3% lower than the 19 sales last month. August 2017 sales were at a mid level compared to August of 2016 and 2015. August YTD sales of 120 are running 18.8% ahead of last year's year-to-date sales of 101.
The Median Sales Price in August was $824,025, down -17.2% from $995,000 in August of 2016 and down -21.9% from $1,055,000 last month. The Average Sales Price in August was $1,215,575, down -0.5% from $1,222,267 in August of 2016 and up 0.1% from $1,213,974 last month. August 2017 ASP was at a mid range compared to August of 2016 and 2015.
The Total Inventory of Properties available for sale as of August was 106, down -1.9% from 108 last month and up 5.0% from 101 in August of last year. August 2017 Inventory was at highest level compared to August of 2016 and 2015.
The August 2017 Month’s Supply of Inventory of 7.6 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 ... more

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