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Lincolnshire IL Real Estate Market Action Report September 2017
By Art Wilson, Realtor
Lincolnshire’s August Property sales were 19, up 35.7% from 14 in August of 2016 and 26.7% higher than the 15 sales last month. August 2017 sales were at their highest level compared to August of 2016 and 2015. August YTD sales of 122 are running 29.8% ahead of last year's year-to-date sales of 94.
The Median Sales Price in August was $520,000, up 12.4% from $462,500 in August of 2016 and up 8.3% from $480,000 last month. The Average Sales Price in August was $550,823, up 15.0% from $479,011 in August of 2016 and down -0.5% from $553,653 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 72, down -11.1% from 81 last month and down -5.3% from 76 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 3.8 months was at its lowest level 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 ... more
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