Glenviewâ€™s March Property sales were 36, down -12.2% from 41 in March of 2010 and 5.9% higher than the 34 sales last month. March 2011 sales were at a mid level compared to March of 2010 and 2009. March YTD sales of 101 are running 1.0% ahead of last year's year-to-date sales of 100.
The Median Sales Price in March was $409,500, up 26.0% from $325,000 in March of 2010 and down -0.1% from $409,950 last month. The Average Sales Price in March was $526,479, up 30.6% from $402,992 in March of 2010 and up 10.0% from $478,588 last month. March 2011 ASP was at highest level compared to March of 2010 and 2009.
The Total Inventory of Properties available for sale as of March was 504, up 2.6% from 491 last month and down -18.4% from 618 in March of last year. March 2011 Inventory was at the lowest level compared to March of 2010 and 2009.
The March 2011 MSI of 14.0 months was at its lowest level compared with March of 2010 and 2009. 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 March was 135, up 28.6% from 105 days last month and up 5.5% from 128 days in March of last year. The March 2011 DOM was at its highest level compared with March of 2010 and 2009.
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 March 2011 Selling Price vs Original List Price of 84.9% was down from 88.6% last month and down from 85.9% in March of last year.
The number of New Listings in March 2011 was 135, up 37.8% from 98 last month and down -12.9% from 155 in March of last year.