Market Stats Booklet April2017 Market Stats | Page 12

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
Skokie
Skokie
+ 5.8% + 5.9% - 19.5%
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 + / –
96 91 - 5.2% 870 821 - 5.6%
53 63 + 18.9% 523 505 - 3.4%
35 35 0.0% 512 511 - 0.2%
$343,000 $329,900 - 3.8% $289,750 $315,000 + 8.7%
$352,101 $339,497 - 3.6% $315,705 $343,761 + 8.9%
95.6% 94.4% - 1.3% 94.8% 95.3% + 0.5%
79 96 + 21.5% 81 80 - 1.2%
167 116 - 30.5% -- -- --
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 + / –
41 54 + 31.7% 453 475 + 4.9%
25 28 + 12.0% 275 268 - 2.5%
16 19 + 18.8% 272 257 - 5.5%
$176,500 $169,500 - 4.0% $155,000 $179,000 + 15.5%
$222,845 $170,866 - 23.3% $183,582 $192,913 + 5.1%
93.8% 94.5% + 0.7% 92.9% 94.2% + 1.4%
83 125 + 50.6% 74 95 + 28.4%
89 90 + 1.1% -- -- --
* 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
Skokie
b
Attached Single-Family
Attached Single-Family
All MLS
Skokie
a
+ 25% + 50%
+ 20% + 40%
+ 15%
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
- 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.