Northbrook's December Property sales were 39, up 5.4% from 37 in December of 2011 and -18.8% lower than the 48 sales last month. December 2012 sales were at their highest level compared to December of 2011 and 2010. December YTD sales of 612 are running 27.2% ahead of last year's yearto-date sales of 481.
The Median Sales Price in December was $235,000, down -4.1% from $245,000 in December of 2011 and down -25.4% from $315,000 last month. The Average Sales Price in December was $308,937, down -1.0% from $311,935 in December of 2011 and down -27.2% from $424,094 last month. December 2012 ASP was at the lowest level compared to December of 2011 and 2010.
Inventory of Properties available for sale as of December was 143, down -23.5%
from 187 last month and down -55.9% from 324 in December of last year. December
2012 Inventory was at the lowest level compared to December of 2011 and 2010.
The December 2012 Months Supply of Inventory of 3.7 months was at its lowest level compared with December of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
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 December was 82, up 7.9% from 76 days last month and down -43.4%
from 145 days in December of last year. The December 2012 DOM was
at a mid range compared with December of 2011 and 2010.
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 December 2012 Selling Price vs List Price of 93.8% was down from 94.0% last month and up from 91.2% in December of last year.
The number of New Listings in December 2012 was 37, down -26.0% from 50 last month and up 23.3% from 30 in December of last year.