Glenview's March Property sales were 46, up 24.3% from 37 in March of 2011 and 70.4% higher than the 27 sales last month. March 2012 sales were at their highest level compared to March of 2011 and 2010. March YTD sales of 112 are running 9.8% ahead of last year's year-to-date sales of 102.
The Median Sales Price in March was $251,500, down -38.4% from $408,000 in March of 2011 and down -6.7% from $269,500 last month. The Average Sales Price in March was $345,643, down -33.9% from $523,277 in March of 2011 and down -3.5% from $358,118 last month. March 2012 ASP was at the lowest level compared to March of 2011 and 2010.
The Total Inventory of Properties available for sale as of March was 377, down -3.6% from 391 last month and down -29.7% from 536 in March of last year. March 2012 Inventory was at the lowest level compared to March of 2011 and 2010.
The March 2012 Months Supply of Inventory of 8.2 months was at its lowest level compared with March of 2011 and 2010. 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 March was 95, down -12.0% from 108 days last month and down -28.6% from 133 days in March of last year. The March 2012 DOM was at its lowest level compared with March of 2011 and 2010.
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 March 2012 Selling Price vs Original List Price of 86.6% was up from 85.6% last month and up from 84.9% in March of last year.
The number of New Listings in March 2012 was 123, up 39.8% from 88 last month and down -8.9% from 135 in March of last year.
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