Monday June 26, 2017
GLENVIEW, IL
Condos - Townhomes
Real-Time Market Profile
Median List Price
Asking Price Per Square Foot
Average Days on Market (DOM)
Percent of Properties with Price Decrease
Percent Relisted (reset DOM)
Percent Flip (price increased)
Median House Size (sq ft)
Median Number of Bedrooms
Median Number of Bathrooms
The median list price in GLENVIEW, IL this week is $337,000.
Inventory is tightening and days-on-market is falling. But demand
as measured by the Market Action Index is also trending down. The
market is not giving strong up or down signals from these data.
Market Action Index
Buyer's Advantage
Trend
$ 337,000
$ 188
116
25 %
27 %
1%
1676
2.0
2.0
25.0
±+
±+
≠
=
Supply and Demand
Home sales have begun exceeding new inventory. This is a Buyer's
market so prices are not yet moving higher as excess inventory is
consumed. If the tightening continues and the market moves into
the Seller's zone, we may see upward pressure on pricing.
±+
No change
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
The market is hovering around this plateau. Look for a persistent
change in the Market Action Index before we see prices deviate
from these levels.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
7-Day Rolling Average
Quartiles
Quartile
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Median Price
Square Feet
Beds
Baths
Age Inventory New Absorbed DOM
Top/First
$ 599,999
2397
3.0
3.0
13
35
2
0
105
Upper/Second
$ 415,000
1835
3.0
2.0
19
35
4
5
76
Upper-middle 25% of properties
Lower/Third
$ 255,000
1446
2.0
2.0
39
36
2
2
147
Lower-middle 25% of properties
Bottom/Fourth
$ 158,450
1224
2.0
2.0
41
36
4
2
133
Least expensive 25% of properties
Most expensive 25% of properties