Glenview's December Property sales were 44, up 2.3% from 43 in December of 2010 and 18.9% higher than the 37 sales last month. December 2011 sales were at their highest level compared to December of 2010 and 2009. December YTD sales of 589 are running 6.9% ahead of last year's year-to-date sales of 551.
The Median Sales Price in December was $256,250, down -21.8% from $327,777 in December of 2010 and down -31.8% from $376,000 last month. The Average Sales Price in December was $402,282, down -13.2% from $463,307 in December of 2010 and down -11.9% from $456,544 last month. December 2011 ASP was at the lowest level compared to December of 2010 and 2009.
The December 2011 Months Supply of Inventory of 9.0 months was at its lowest level compared with December of 2010 and 2009. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The average Days On Market (DOM) is how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for December was 92, up 7.0% from 86 days last month and equal to 92 days in December of last year. The December 2011 DOM was at its lowest level compared with December of 2010 and 2009.
The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The December 2011 Selling Price vs Original List Price of 84.4% was down from 90.5% last month and down from 88.3% in December of last year.
The number of New Listings in December 2011 was 48, down -27.3% from 66 last month and up 4.3% from 46 in December of last year.
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