Market Stats Booklet April 2018 Market Stats | Page 12

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
Skokie
- 15.2% + 16.7% - 16.9%
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 + / –
91 84 - 7.7% 822 832 + 1.2%
60 58 - 3.3% 498 485 - 2.6%
35 39 + 11.4% 511 477 - 6.7%
$329,900 $352,000 + 6.7% $315,000 $339,000 + 7.6%
$339,497 $374,104 + 10.2% $343,761 $358,802 + 4.4%
94.4% 95.5% + 1.2% 95.3% 95.2% - 0.1%
96 81 - 15.6% 80 75 - 6.3%
125 119 - 4.8% -- -- --
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 + / –
54 39 - 27.8% 475 462 - 2.7%
23 17 - 26.1% 258 282 + 9.3%
19 24 + 26.3% 257 300 + 16.7%
$169,500 $193,000 + 13.9% $179,000 $190,000 + 6.1%
$170,866 $209,150 + 22.4% $192,913 $205,328 + 6.4%
94.5% 94.8% + 0.3% 94.2% 94.7% + 0.5%
125 88 - 29.6% 95 75 - 21.1%
100 68 - 32.0% -- -- --
* 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
Skokie
b
Attached Single-Family
a
+ 25% + 50%
+ 20% + 40%
+ 15%
All MLS
Skokie
b
a
+ 30%
+ 10%
+ 20%
+ 5%
+ 10%
0%
0%
- 5%
- 10%
- 10%
- 20%
- 15%
- 30%
- 20%
- 25%
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.