Glenview IL Real Estate Market Action Report September 2016

By
Real Estate Agent with Coldwell Banker Residential Brokerage

By Art Wilson, Realtor

Glenview's August Property sales were 103, up 14.4% from 90 in August of 2015 and 19.8% higher than the 86 sales last month. August 2016 sales were at their highest level compared to August of 2015 and 2014. August YTD sales of 600 are running 3.6% ahead of last year's year-to-date sales of 579.

The Median Sales Price in August was $465,000, down -6.5% from $497,250 in August of 2015 and down -4.7% from $487,750 last month. The Average Sales Price in August was $540,004, up 0.4% from $538,119 in August of 2015 and down -4.9% from $568,060 last month. August 2016 ASP was at highest level compared to August of 2015 and 2014.

The Total Inventory of Properties available for sale as of August was 383, down -4.3% from 400 last month and equal to 383 in August of last year. August 2016 Inventory was at a mid range compared to August of 2015 and 2014.

The August 2016 Months Supply of Inventory of 3.7 months was at a mid range compared with August of 2015 and 2014. 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 August was 40, down -9.1% from 44 days last month and up 5.3% from 38 days in August of last year. The August 2016 DOM was at a mid range compared with August of 2015 and 2014.

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 August 2016 Selling Price vs List Price of 95.6% was down from 95.9% last month and down from 96.6% in August of last year.

The number of New Listings in August 2016 was 134, down -18.8% from 165 last month and down -10.1% from 149 in August 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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Rainmaker
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Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Art Wilson - Great real estate market update for the Glenview, IL area!  I hope buyers and sellers call you for more information and market insight!

Sep 17, 2016 05:46 AM #1
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Art Wilson

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