Northbrook IL Real Estate Marekt Action Report February 2012

Northbrook's January Property sales were 17, down -37.0% from 27 in January of 2011 and -54.1% lower than the 37 sales last month. January 2012 sales were at their lowest level compared to January of 2011 and 2010. January YTD sales of 17 are running -37.0% behind last year's year-to-date sales of 27.

The Median Sales Price in January was $282,000, down -22.1% from $362,000 in January of 2011 and up 15.1% from $245,000 last month.
The Average Sales Price in January was $386,757, down -4.7% from $405,968 in January of 2011 and up 24.0% from $311,935 last month. January 2012 ASP was at the lowest level compared to January of 2011 and 2010.

The Total Inventory of Properties available for sale as of January was 283, down -4.7% from 297 last month and down -29.4% from 401 in January of last year. January 2012 Inventory was at the lowest level compared to January of 2011 and 2010.

The January 2012 Months Supply of Inventory of 16.6 months was at its highest level compared with January 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 January was 64, down -55.9% from 145 days last month and down -55.9% from 145 days in January of last year. The January 2012 DOM was at its lowest level compared with January 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 January 2012 Selling Price vs Original List Price of 88.1% was up from 83.6% last month and up from 85.9% in January of last year.

The number of New Listings in January 2012 was 62, up 106.7% from 30 last month and down -18.4% from 76 in January of last year.