Northbrook IL Real Estate Marekt Action Report March 2012

Northbrook's February Property sales were 23, down -4.2% from 24 in February of 2011 and 15.0% higher than the 20 sales last month. February 2012 sales were at their lowest level compared to February of 2011 and 2010. February YTD sales of 43 are running -15.7% behind last year's year-to-date sales of 51.

The Median Sales Price in February was $180,449, down -33.3% from $270,500 in February of 2011 and down -32.2% from $266,000 last month. The Average Sales Price in February was $334,041, down -9.7% from $369,736 in February of 2011 and down -13.7% from $387,219 last month. February 2012 ASP was at the lowest level compared to February of 2011 and 2010.

The Total Inventory of Properties available for sale as of February was 270, down -10.3% from 301 last month and down -33.2% from 404 in February of last year. February 2012 Inventory was at the lowest level compared to February of 2011 and 2010.

The February 2012 Months Supply of Inventory of 11.7 months was at its lowest level compared with February 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 February was 83, up 16.9% from 71 days last month and down -27.2% from 114 days in February of last year. The February 2012 DOM was at its lowest level compared with February 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 February 2012 Selling Price vs Original List Price of 87.7% was up from 87.0% last month and down from 89.2% in February of last year.

The number of New Listings in February 2012 was 70, up 4.5% from 67 last month and down -4.1% from 73 in February of last year.