Market Stats Booklet April 2018 Market Stats | Page 11

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
Northfield
+ 7.7% + 100.0% + 11.6%
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 + / –
10 13 + 30.0% 118 144 + 22.0%
5 8 + 60.0% 63 74 + 17.5%
2 7 + 250.0% 62 76 + 22.6%
$592,500 $715,000 + 20.7% $623,750 $623,750 0.0%
$592,500 $999,643 + 68.7% $769,992 $779,468 + 1.2%
96.3% 88.3% - 8.3% 91.6% 91.4% - 0.2%
202 214 + 5.9% 106 167 + 57.5%
32 40 + 25.0% -- -- --
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 + / –
3 1 - 66.7% 51 56 + 9.8%
3 4 + 33.3% 43 47 + 9.3%
2 1 - 50.0% 42 48 + 14.3%
$152,250 $187,000 + 22.8% $232,000 $263,250 + 13.5%
$152,250 $187,000 + 22.8% $317,652 $326,727 + 2.9%
82.1% 94.0% + 14.5% 92.8% 94.4% + 1.7%
229 10 - 95.6% 104 66 - 36.5%
11 8 - 27.3% -- -- --
* 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
Northfield
b
Attached Single-Family
a
+ 100%
All MLS
Northfield
b
a
+ 160%
+ 140%
+ 80%
+ 120%
+ 60%
+ 40%
+ 100%
+ 80%
+ 60%
+ 20%
0%
+ 40%
+ 20%
0%
- 20%
- 20%
- 40%
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.