Market Stats Booklet April 2018 Market Stats | Page 10

Local Market Update – March 2018
LOCAL MARKET UPDATE
March 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of April 14, 2018
CBHomes.com
Northbrook
- 23.4% - 10.7% - 10.7%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
March
Detached Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
3-2017 3-2018 + / – 3-2017 3-2018 + / –
137 101 - 26.3% 1,050 1,024 - 2.5%
58 58 0.0% 464 481 + 3.7%
36 29 - 19.4% 460 484 + 5.2%
$541,500 $582,000 + 7.5% $545,000 $535,000 - 1.8%
$637,421 $633,816 - 0.6% $620,058 $601,396 - 3.0%
93.6% 93.8% + 0.2% 93.3% 93.7% + 0.4%
171 108 - 36.8% 104 112 + 7.7%
249 201 - 19.3% -- -- --
March
Attached Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
3-2017 3-2018 + / – 3-2017 3-2018 + / –
51 43 - 15.7% 423 478 + 13.0%
33 28 - 15.2% 286 280 - 2.1%
+ 3.6%
20 21 + 5.0% 280 290 $303,500 $245,000 - 19.3% $296,500 $288,750 - 2.6%
$349,123 $293,750 - 15.9% $309,037 $323,155 + 4.6%
94.9% 90.7% - 4.4% 93.4% 94.1% + 0.7%
108 115 + 6.5% 83 73 - 12.0%
77 90 + 16.9% -- -- --
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
Change in Median Sales Price from Prior Year (6-Month Average)**
Detached Single-Family
All MLS
Northbrook
b
Attached Single-Family
a
All MLS
Northbrook
b
a
+ 60%
+ 40%
+ 50%
+ 30%
+ 40%
+ 20%
+ 30%
+ 20%
+ 10%
+ 10%
0%
0%
- 10%
- 10%
- 20%
- 20%
- 30%
- 30%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
- 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
** 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. Report © 2018 ShowingTime.