Winnetka IL Real Estate Market Action Report March 2012

Winnetka's February Property sales were 7, down -36.4% from 11 in February of 2011 and 16.7% higher than the 6 sales last month. February 2012 sales were at their lowest level compared to February of 2011 and 2010. February YTD sales of 13 are running -35.0% behind last year's year-to-date sales of 20.

The Median Sales Price in February was $1,300,000, up 49.0% from $872,500 in February of 2011 and down -26.6% from $1,771,813 last month. The Average Sales Price in February was $1,493,500, up 32.3% from $1,128,744 in February of 2011 and down -19.8% from $1,863,271 last month. February 2012 ASP was at highest level compared to February of 2011 and 2010.

The Total Inventory of Properties available for sale as of February was 157, up 18.9% from 132 last month and down -14.2% from 183 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 22.4 months was at its highest 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 193, up 13.5% from 170 days last month and up 26.1% from 153 days in February of last year. The February 2012 DOM was at its highest 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 78.5% was down from 81.8% last month and down from 88.0% in February of last year.

The number of New Listings in February 2012 was 50, up 47.1% from 34 last month and down -3.8% from 52 in February of last year.