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Highland Park IL Real Estate Market Action Report October 2017
By Art Wilson, Realtor
Highland Park’s September Property sales were 38, down -13.6% from 44 in September of 2016 and -34.5% lower than the 58 sales last month. September 2017 sales were at their lowest level compared to September of 2016 and 2015. September YTD sales of 441 are running 11.9% ahead of last year's year-to-date sales of 394.
The Median Sales Price in September was $441,000, down -18.4% from $540,750 in September of 2016 and down -12.7% from $505,000 last month. The Average Sales Price in September was $557,021, up 1.4% from $549,192 in September of 2016 and down -2.5% from $571,547 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 353, down -2.8% from 363 last month and down -4.1% from 368 in September of last year. September 2017 Inventory was at a mid range compared to September of 2016 and 2015.
 The September 2017 Month’s Supply of Inventory of 9.3 months was at its highest level 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 ... more

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