Market Stats Booklet April 2018 Market Stats | Page 9

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 Forest
- 1.2% + 57.9% - 12.2%
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 + / –
69 63 - 8.7% 680 646 - 5.0%
26 29 + 11.5% 278 292 + 5.0%
16 26 + 62.5% 267 300 + 12.4%
$732,500 $925,000 + 26.3% $800,000 $847,500 + 5.9%
$773,518 $1,165,173 + 50.6% $970,773 $1,090,655 + 12.3%
87.9% 88.5% + 0.7% 88.9% 88.8% - 0.1%
119 266 + 123.5% 172 201 + 16.9%
309 265 - 14.2% -- -- --
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 S ale at Month End
Trailing 12 Months
3-2017 3-2018 + / – 3-2017 3-2018 + / –
13 18 + 38.5% 102 136 + 33.3%
7 8 + 14.3% 49 78 + 59.2%
3 4 + 33.3% 48 69 + 43.8%
$316,500 $686,250 + 116.8% $359,000 $400,000 + 11.4%
$391,117 $624,000 + 59.5% $476,231 $429,447 - 9.8%
84.0% 94.2% + 12.1% 91.8% 90.7% - 1.2%
343 186 - 45.8% 141 138 - 2.1%
43 44 + 2.3% -- -- --
* 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 Forest
b
Attached Single-Family
a
All MLS
Lake Forest
b
a
+ 200%
+ 40%
+ 30%
+ 150%
+ 20%
+ 100%
+ 10%
0%
+ 50%
- 10%
0%
- 20%
- 30%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
- 50%
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.