Prior 12 months property sales increased from 576 in 2014 to 604 in 2015. October 2014 property sales vs October 2015 property sales decreased from 51 to 42 homes sold. Prior 12 months average sales price increased 3.3%, from $478,605 in 2014 to $494,309 in 2015. The October Average Sales Price decreased 5.7%, from $475,739 in October 2014 to $448,751 in October 2015. The October 2014 vs. October 2015 median price decreased .6%, from $400,000 to $397,450. The October Average Days on Market (DOM) increased from 102 in October 2014 to 125 in October 2015.
The October 2015 MSI of 5.43 months was at its lowest level compared with October of 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. Remember, 5.5 months is considered a “balanced” market by most.
The Selling Price vs Listing Price reveals 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 October 2015 Selling Price vs. List Price of 93.5% decreased .7% from 94.2% in October of last year.
Change in Median Sales Price from Prior Year (6-Month Average)** Elmhurst All MLS ** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | All data from Midwest Real Estate Data LLC. Powered by 10K Research and Marketing. All MLS Elmhurst September Trailing 12 Mos.