Market Stats Booklet April2017 Market Stats | Page 10

Local Market Update – March 2017
LOCAL MARKET UPDATE
March 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of April 14, 2017
CBHomes.com
Northbrook
Northbrook
+ 18.4% + 16.7% + 8.3%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
March
Detached
Detached Single-Family
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
3-2016 3-2017 + / – 3-2016 3-2017 + / –
122 136 + 11.5% 942 1,047 + 11.1%
62 64 + 3.2% 455 469 + 3.1%
28 36 + 28.6% 433 460 + 6.2%
$533,000 $541,500 + 1.6% $540,000 $545,000 + 0.9%
$556,782 $637,421 + 14.5% $605,428 $620,058 + 2.4%
93.4% 93.6% + 0.2% 94.1% 93.3% - 0.9%
99 171 + 72.7% 88 104 + 18.2%
215 241 + 12.1% -- -- --
March
Attached Single-Family
Single-Family
Attached
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
3-2016 3-2017 + / – 3-2016 3-2017 + / –
36 51 + 41.7% 415 423 + 1.9%
25 36 + 44.0% 271 290 + 7.0%
20 20 0.0% 258 280 + 8.5%
$274,750 $303,500 + 10.5% $290,000 $296,500 + 2.2%
$290,564 $349,123 + 20.2% $309,702 $309,037 - 0.2%
93.0% 94.9% + 2.0% 93.7% 93.4% - 0.3%
91 108 + 18.7% 81 83 + 2.5%
74 72 - 2.7% -- -- --
* 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
Detached Single-Family
All MLS
Northbrook
b
Attached Single-Family
Attached Single-Family
All MLS
Northbrook
a
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
- 40%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
** 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 © 2017 ShowingTime.