By Art Wilson, Realtor
Wilmette's June Property sales were 39, up 44.4% from 27 inJune of 2014 and 62.5% higher than the 24 sales last month. June 2015 saleswere at a mid level compared to June of 2014 and 2013. June YTD sales of 125are running 19.0% ahead of last year's year-to-date sales of 105.
The Median Sales Price in June was $1,253,500, down -3.6%from $1,300,000 in June of 2014 and up 12.5% from $1,114,000 last month. TheAverage Sales Price in June was $1,416,038, up 10.0% from $1,286,750 in June of2014 and down -5.6% from $1,499,750 last month. June 2015 ASP was at highestlevel compared to June of 2014 and 2013.
The Total Inventory of Properties available for sale as ofJune was 189, equal to 189 last month and up 13.2% from 167 in June of lastyear. June 2015 Inventory was at highest level compared to June of 2014 and2013.
The June 2015 MSI of 4.8 months was at a mid range comparedwith June of 2014 and 2013. A comparatively lower MSI is more beneficial forsellers while a higher MSI is better for buyers.
The average Days On Market (DOM) is how many days theaverage Property is on the Market before it sells. An upward trend in DOM tendsto indicate a move towards more of a Buyer's market, a downward trend a movetowards more of a Seller's market. The DOM for June was 77, up 102.6% from 38days last month and up 10.0% from 70 days in June of last year. The June 2015DOM was at its highest level compared with June of 2014 and 2013.
The Selling Price vs Listing Price is the average amountthat Sellers are agreeing to come down from their list price. The lower theratio is below 100% the more of a Buyer's market exists, a ratio at or above100% indicates more of a Seller's market. The June 2015 Selling Price vs ListPrice of 96.1% was up from 95.4% last month and up from 95.7% in June of lastyear.
The number of New Listings in June 2015 was 51, down -23.9%from 67 last month and down -12.1% from 58 in June of last year.