Market Stats Booklet April 2018 Market Stats | Page 8

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
Lake Bluff
+ 42.9% + 22.2% + 4.8%
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 + / –
17 21 + 23.5% 250 251 + 0.4%
17 13 - 23.5% 135 125 - 7.4%
7 7 0.0% 136 134 - 1.5%
$420,000 $500,000 + 19.0% $531,250 $570,250 + 7.3%
$647,314 $581,714 - 10.1% $697,219 $608,126 - 12.8%
84.2% 94.7% + 12.5% 91.6% 92.8% + 1.3%
180 64 - 64.4% 119 116 - 2.5%
72 73 + 1.4% -- -- --
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 + / –
4 9 + 125.0% 67 69 + 3.0%
3 5 + 66.7% 46 44 - 4.3%
2 4 + 100.0% 44 44 0.0%
$181,000 $196,500 + 8.6% $193,500 $212,500 + 9.8%
$181,000 $181,750 + 0.4% $226,775 $254,197 + 12.1%
89.4% 96.6% + 8.1% 91.5% 94.1% + 2.8%
165 141 - 14.5% 99 59 - 40.4%
11 14 + 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
Lake Bluff
b
Attached Single-Family
a
All MLS
Lake Bluff
b
a
+ 200%
+ 80%
+ 60%
+ 150%
+ 40%
+ 100%
+ 20%
+ 50%
0%
0%
- 20%
- 50%
- 40%
- 60%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
- 100%
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.