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Glenview IL Real Estate Market Action Report October 2015

By
Real Estate Agent with Coldwell Banker Residential Brokerage

By Art Wilson, Realtor

Glenview's September Property sales were 65, down -12.2% from 74 in September of 2014 and -27.8% lower than the 90 sales last month. September 2015 sales were at their lowest level compared to September of 2014 and 2013. September YTD sales of 644 are running 1.4% ahead of last year's year-to-date sales of 635.

The Median Sales Price in September was $480,000, up 17.2% from $409,500 in September of 2014 and down -3.5% from $497,250 last month. The Average Sales Price in September was $504,212, up 12.0% from $450,315 in September of 2014 and down -6.3% from $538,119 last month. September 2015 ASP was at highest level compared to September of 2014 and 2013.

The Total Inventory of Properties available for sale as of September was 374, up 0.8% from 371 last month and up 29.9% from 288 in September of last year. September 2015 Inventory was at highest level compared to September of 2014 and 2013.

The September 2015 Months Supply of Inventory of 5.8 months was at its highest level compared with September of 2014 and 2013. 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 September was 46, up 21.1% from 38 days last month and up 12.2% from 41 days in September of last year. The September 2015 DOM was at a mid range compared with September of 2014 and 2013.

The Selling Price vs Listing Price is the average amount that Sellers are agreeing to come down from their 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 September 2015 Selling Price vs List Price of 96.1% was down from 96.6% last month and down from 96.3% in September of last year.

The number of New Listings in September 2015 was 142, down -3.4% from 147 last month and up 7.6% from 132 in September of last year.

Posted by

Art Wilson, Broker, ABR, CRP, CRS
Coldwell Banker Residential Brokerage        
552 Lincoln Ave.Winnetka, IL 60093              

Cell: 847-363-1599

Serving Chicago's North Shore Suburbs

Art.Wilson@cbexchange.com 
www.NorthShoreHomesOnline.com

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