In Niles,Â the March numbers have been trending up postively in the past couple years. Inventory is DOWN 60.8% from the same period last year. Â If you have been holding off on selling for some time, the low inventory has focused the buyers to look at whatever is on the market, so now provides a great opportunity to have more people see your home. Â This doeesn't mean you can severely overprice your home, but if you've tried selling before with no luck, now is a great time to try again.
By the numbers:
March Property sales were 22, up 15.8% from 19 in March of 2012 and 29.4% higher than the 17 sales last month. March 2013 sales were at a mid level compared to March of 2012 and 2011. March YTD sales of 57 are running equal to last year's year-to-date sales of 57.
The Median Sales Price in March was $182,500, up 40.4% from $130,000 in March of 2012 and down -6.4% from $195,000 last month. The Average Sales Price in March was $204,068, up 14.8% from $177,732 in March of 2012 and up 4.7% from $194,997 last month. March 2013 ASP was at highest level compared to March of 2012 and 2011.
The Total Inventory of Properties available for sale as of March was 76, down -22.4% from 98 last month and down -60.8% from 194 in March of last year. March 2013 Inventory was at the lowest level compared to March of 2012 and 2011.
The numbers don't lie. If you want to see how I would position your home in today's market, don't hesitate to contact me