In Norridge, the March numbers have been trending up postively in the past couple years. Inventory is DOWN 51% 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 13, down -7.1% from 14 in March of 2012 and 18.2% higher than the 11 sales last month. March 2013 sales were at their lowest level compared to March of 2012 and 2011. March YTD sales of 36 are running 38.5% ahead of last year's year-to-date sales of 26.
The Median Sales Price in March was $195,000, up 16.4% from $167,500 in March of 2012 and up 12.4% from $173,500 last month. The Average Sales Price in March was $193,885, up 9.7% from $176,793 in March of 2012 and down -1.2% from $196,227 last month. March 2013 ASP was at a mid range compared to March of 2012 and 2011.
The Total Inventory of Properties available for sale as of March was 47, down -11.3% from 53 last month and down -51.0% from 96 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