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Evanston IL Real Estate Market Action Report October 2017
By Art Wilson, Realtor
Evanston’s September Property sales were 75, down -21.9% from 96 in September of 2016 and -34.2% lower than the 114 sales last month. September 2017 sales were at their lowest level compared to September of 2016 and 2015. September YTD sales of 872 are running -5.8% behind last year's year-to-date sales of 926.
The Median Sales Price in September was $320,500, up 13.5% from $282,500 in September of 2016 and down -6.6% from $343,000 last month. The Average Sales Price in September was $436,455, up 7.4% from $406,394 in September of 2016 and down -3.2% from $450,800 last month. September 2017 ASP was at highest level compared to September of 2016 and 2015.
The Total Inventory of Properties available for sale as of September was 262, down -2.2% from 268 last month and down -10.3% from 292 in September of last year. September 2017 Inventory was at the lowest level compared to September of 2016 and 2015.
The September 2017 Month’s Supply of Inventory of 3.5 months was at a mid range compared with September 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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